Residential Plots & Group Housing Sites - Herolds Bay country Estate (Pty) Ltd, Long Island Trading 44 (Pty) Ltd, GFA Holdings, Dalmar Construction (Pty) Ltd
George Municipality
The estate includes a community centre with food retail, fuel retail and other smaller line shops.
The development will have various security systems, access control, cameras, guarding and perimeter fencing.
The property ownership is Full Title which is managed by the Home Owners Association.
The Constitution, the Rules and Regulations and the Architectural and Landscape Guidelines. These are available on request or for download from our website.
Vegetation clearance has been completed - Nov 2022
Phase 1 - Clusters Site Plot surveys and pegging in Nov / Dec 2022.
Convenience Centre - 2024/5.
Cluster Plots - 27 plots of sizes 480m2 - 635 sqm, Plot Servicing 2024 and construction in 2024/5.
Country Estate Plots - Plot servicing Phase 2 in 2023 and phasing to the end of 2024.
Construction of a home can commence once the plot is transferred into your name. From the date of transfer you have 12 months within which you must commence with the construction of your home and once you start building you have a year in which to finish.
The levy is R 1700 per property, per month. Levy is payable once the plot transfers into your name.
The owner will pay this from date of transfer, the George Municipality and or the HOA for services.
R 1 Billion + (All homes completed).
No, you will have to design your home with garaging for your requirements.
Yes, there will be professional estate management company appointed.
Long term rentals will be permitted via any approved estate agency
Only full status, fully qualified Estate Agents (Property Practitioners) with valid fidelity fund certificates will be allowed to offer properties for sale. The HOA will implement an accreditation process to protect owners in this regard.
Yes, two dogs, up to 45cm in height. Rules have been formulated for the registration and licensing of dogs in the estate.
Yes, you will have to design your home accordingly. Security checks will be in place for all contractors and employees.
The approved development architects for home designs are:
· Studio IMW
· Osmond Lange Architects
· Mere Group
You will have to make provision for this in your home design.
Yes, fibre will be installed in the estate.
The HOA documentation is complete and has been handed into the municipality. The developer will establish the same in due course after registration of properties into buyers names.
The developer does this during the development phase thereafter the HOA does this.
Owners are to design courtyards out of view for this purpose.
The developers are in the pre-sales phase of the project. Once critical sales are achieved the construction of the services of the development will commence. As it is a phased development some plots will be available for transfer before others. Check with your agent for approximate dates. The Purchase Agreement is a suspensive one. This means that the developer sells to you on condition that the properties are serviced. If this does not occur your funds are refunded as they are invested by the Attorney for your safety.
No - Your deposit / funds is/ are held in the transferring Attorneys Trust Account. It is invested on your behalf and carries interest which accrues to you. Attorneys are by law required to have Fidelity Insurance. The attorneys charge a +- R 250 fee to invest monies.
Your deposit is required immediately to secure your purchase. The balance must be secured by means of a mortgage bond, suitable guarantee or cash stipulated in the purchasing agreement.
The attorneys (conveyancer) will walk through the steps of transfer with you. They will attend to registration at the deeds office. But basically it involves the following steps: Offer to Purchase, Constitution, Estate Rules and Architectural Guidelines must be signed by purchaser and the seller, deposit paid, guarantees or bond issued, lodgement at the Deeds Office, transfer into your name. If you pay cash the Title Deed will be available within approximately 60 days after transfer, if there is a bond involved it will vest with the bond holder until it is paid off.
The developer has a Revisionary Right registered. Should you not build in the prescribed period, the developer can buy back the property back from you in terms of this clause.
Should the developer decide not to take up the revisionary right, the HOA could impose building penalties at the time on unbuilt properties.
No, the developer is a VAT registered vendor and as such he will in the course of his business submit this to SARS. The developer has included all costs in the prices including legal fees.
Costs that will be carried by a purchaser privately include: bond registration fees, bond valuation fees, guarantee fees.
The ROD (Record of Decision) by Province and the approvals by the Tribunal and the George Municipality contain the conditions of establishment. There are a large amount of requirements by each department. The developer, together with the legal and professional team are working through these requirements and implementing them into designs etc. Once these requirements and designs are done and approved servicing can commence.
The developer has also commenced with clearing the alien vegetation as required from the site.
Funding of all phases will be spread between Private and Institutional financing.
The land owner will continue to reside and farm the property. There is an access servitude in place for them to access the farm through the development.
The boundary fences will be offset from the properties, allowing for various circular routes to be taken. The area around the dam and ponds will be landscaped.
