*All units are sold on a Life Right basis
We (Faircape) accept residents from 60 years of age, subject to a medical examination being completed within 30 days of signing the Life Right agreement. This may be subject to additional interviews being conducted.
With a Life Rights scheme, the holder has the right to occupy a specific property for the remainder of their life.
On top of there being no transfer duty or VAT payable on Life Right units, holders also bypass legal fees and are promised fixed levies. Included in this promise is the assurance of no special levies for the remainder of their lives.
The Retired Persons Act provides a number of prerequisites for the benefit and protection of the Life Right holder, including levy transparency, restrictions of alienation and restrictions on the developer in respect of receipt of consideration.
Residents enjoy similar privileges to that of Sectional Title owners, however, the developer remains the sole owner of each unit and therefore carries the responsibility of external maintenance as well as the upkeep of the Village and its facilities. This relationship ensures that all facilities are kept to the highest standard.
There is no need to register with the Deeds Office each time the Life Right transfers from one holder to another. Provided the unit is not in need of refurbishment, this allows for the new Life Right owner to take occupation in as little as a few days. Say goodbye to the complicated paperwork and/or lengthy delays often experienced with Sectional Title transfers.
Upon termination of the Life Right, the estate is refunded much more quickly than if the property was a Sectional Title.
Regrettably, we don’t offer rentals
Unit Name: Type 1
Description: Small 1 Bedroom
Price: *Starting from R950,000
Village unit size: 38m2
Sunroom area: 6.2m2
Unit Name: Type 3
Description: Large 1 Bedroom
Price: *Starting from R970,000
Village unit size: 51m2
Sunroom area: 7m2
Unit Name: Type 4
Description: 2 Bedroom Apartment
Price: *Starting from R1.25 million
Village unit size: 61m2
Sunroom area: 7m2
Unit Name: Type 5
Description: Standard 2 Bedroom
Price: *Starting from R1.15 million
Village unit size: 52m2
Sunroom area: 8m2
Below you will find a map of Bridgewater Manor.