Vans Road, Tokai
Vans Road, Tokai
*Please note, we do offer rentals at Tokai Estate. For rental enquiries, please contact Cheryl at firstname.lastname@example.org. For sales enquiries or to arrange a viewing, please contact the Sales Manager, Candice Vietri on 082 460 9221 or email@example.com. Units are also 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.
Unit Name: Type 3
Description: 3 Bedroom + 2 Bathroom
House Area: 150m2
Price: *Starting from R6.9 million
Unit Name: Type 4
Description: 2 Bedroom + 2 Bathroom
House Area: 154m2
Price: *Starting from R6.5 million
Unit Name: Type 5
Description: 2 Bedroom + 2 Bathroom + 1 Study
House Area: 133m2
Price: *Starting from R5.2 million
Below you will find a map of Tokai Estate.