1 April 2022
05 April 2022
The Newspaper | April Edition 2022
New Assisted Living Suites
Sold on life right at Helderberg Manor Retirement Village
Developed by the esteemed Devmark Property Group, Helderberg Manor Retirement Village in Somerset West, has launched another 50 assisted living suites, sold on a life right basis. The units consist of one bedroom, one bathroom suites selling from R995 000. The block will be completed by the end of April 2022, which will be the last development on the estate.
What is life right?
A life right scheme is a contract which gives the purchaser security of tenure for the remainder of his her life. The resident enjoys the same privileges as if the home was purchased by freehold or sectional title, except that the developer remains the sole owner of the property. This is significant for the owner because the developer carries the responsibility of management, maintenance and upkeep of the property.
Why choose life right?
You will have occupation for life; An investment in a carefree retirement lifestyle; The Life Right agreement is protected by law, under the Housing Development Schemes for Retired Persons Act 65 of 1988; The Life Right is an asset in your estate; Apart from the purchase price, there are no transfer duties or VAT. Costs for communal services and facilities are shared. The developer carry the costs and the responsibility for upkeep, maintenance, security, landscaping, healthcare, etc.
For more information visit www.helderbergmanor.co.za or contact Estelle Wilshere on 076 738 0172