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Tokai Estate


Lifestyle that revolves around you By taking care of today, we bring you carefree living for the future. Thanks to its stunning 9 hectare site, exceptionally spacious homes, modern healthcare centre and prime location in picturesque Tokai, there is nothing quite like Tokai Estate in the Western Cape. It is unmatched in terms of scale, security and scope of services. It’s hard to believe that this exclusive enclave is just a few minutes’ drive from modern shopping centres, amenities and everything you need for a convenient and relaxed lifestyle.

Choose the home you deserve The Estate comprises of an attractive range of luxury homes - from two bedroom, two bathroom units (with a study) to homes with three bedrooms and three bathrooms. All of the homes have well-equipped kitchens, large windows with sliding doors leading to patios, and the convenience of remote-controlled garages offering direct access. • The sizes of the homes vary from 133m² – 186m² • Title: Life Right – under the Housing Development Scheme for Retired Persons Act 65 of 1988 • On resale the seller is refunded 95% of the original purchase price minus marketing costs

Age qualification Our Estate offers a tranquil, secure lifestyle for people who are 50 years and over. Management may arrange for an entry interview to assess your individual care needs.

24-hour security To ensure peace of mind, security guards are on duty at the entrance at all times. All visitors to the Estate are met by them while CCTV-surveillance, electric fencing and regular patrols safeguard the perimeters. In addition, anyone wanting to report suspicious behaviour in the Estate can do so by calling security directly from their home telephone line / intercom system.

Nursing assistance A Sister runs a clinic available to residents at set times daily.

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Social activities • Daily lunches / fine dining dinners

• Biokinetics

• Tastings (Whiskey / Gin)

• Indoor heated pool

• Movie evenings in the clubhouse

• Bridge

• Pilates / Yoga

• Bus excursions to planned destinations

• Aqua classes

(such as the Theatre and Winelands)

Other services & facilities • Domestic services are available on request • Each unit is equipped with a telephone line / intercom system that allows for internal calls at no extra cost • Future-proof Fibre Optic Cabling is in place and fibre internet is available on request • An attractive clubhouse with lounge, dining room, bar facilities, library and coffee shop • Meals from the Cafe are available daily in the dining room (private catering for functions is available) • Well-stocked library • Enclosed heated swimming pool • Access to support staff for assessment and temporary assistance (i.e. CMR, Occupational Therapist, Social Worker)


Monthly levies (adjusted annually on the 1st of March, based on CPI) • Property Levy: R 6 500.00 - R 9 540.00 dependent on cottage size (effective 1 March 2021) * Prices are subject to change without prior notice. * For Life Right holders under the age of 60, the PQ levy will be payable until such time as they turn 60, whereafter, the levies will be fixed and increased by the CPI in March of each year. The monthly property levy fee covers the following: • Maintenance of all communal property including the clubhouse, exterior of buildings and communal gardens • 24-Hour security • Payment of communal water and electricity bills • Management of accounts and investments • Reception facilities • Provision of administrative staff • Access to the Estate clinic during operational times (does not include consumables) • Provision of a transport service (mileage charge may be levied) • Insurance on communal buildings (residents are advised to take out their own insurance to cover all contents of their cottage) * Please note that whilst hot water cylinders are covered by the Body Corporate insurance, in terms of The Sectional Title Act, the maintenance of such remains the responsibility of the owner.

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Advantages of Life Rights Advantages to acquiring a property in terms of a Life Right compared to traditional forms of ownership.

What is a Life Right? A Life Right is a real right to occupy a specific property for the remainder of the holder’s life and the housing interest afforded to the holder is governed and protected by the Housing Schemes for Retired Persons Act of 1988 (“The Retired Persons Act”).

What are the advantages of a Life Right? There are many reasons why purchasers opt for life rights instead of traditional forms of ownership and the life rights model is a widely practiced and well recognised retirement model worldwide. Some key advantages to a Life Right include the following: There is no transfer duty or VAT payable on a Life Right. After the title deed has been endorsed in terms of Section 4(C) of the Retired Persons Act, it is not necessary to register with the Deeds Office every time the Life Right Holder changes. The rights of each Life Right holder are protected. 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.

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Enjoy the privileges of ownership without the stress. Residents enjoy similar privileges to that of a sectional title owner however they are not subjected to any special levies. Faircape subsidizes the difference between the fixed levies collected by residents and the actual operational costs of running the village. Faircape remains liable for any extra capital expenditure ordinarily raised by way of special levies. This continuous investment ensures the upkeep of the village and its facilities to a high standard Quick registration Due to the fact that a new Life Right Holder does not have to be registered in the Deeds Office, from the time a Life Right Agreement is signed to the time the new resident takes occupation can be a number of days provided the unit is not in need of refurbishments. There is no need for complicated paperwork and lengthy delays that are often experienced in a sectional title transfer Estate planning When the Life Right terminates the estate is refunded. The funds are received much quicker than they would be if the property was a sectional title because a sectional title transfer of a deceased estate is subject to the usual lengthy transfer process in the deeds office and furthermore requires consent from the Master of the High Court which often causes further delays. Before a sectional title from a deceased estate can even be sold, the Master must appoint an executor who is the only person authorised to sign the sale agreement on behalf of the deceased estate.The Conveyancer then submits the Power of Attorney to pass transfer to the Master who must endorse the power of attorney in terms of Section 42(2) of the Administration of Deceased Estates Act. Life Rights, on the other hand, terminate immediately on the death of a Life Right holder and the estate is paid out as soon as a new Life Right occupies the unit which can happen quickly as no Master’s consent is required. Cost effective As already mentioned there is no transfer duty or VAT payable on Life Rights. Furthermore there are no conveyancing fees and registration costs are minimal in comparison to a sectional title transfer. In addition to these saved costs, there is also the advantage of transparent levies and budget forecasts allowing residents to plan ahead. Additional benefits when retiring with Faircape Faircape has experience in providing a successful, secure, and stress-free environment to our residents. We go the extra mile to ensure you retire with confidence.

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Fixed levies Your levies will only increase by CPI allowing you to budget your life without the stress of uncertainties. Refurbishments Units are sometimes outdated and exiting parties are not inclined to refurbish vacated homes. Faircape will, prior to the occupation by the new resident, refurbish the unit. This ensures the home is brought in line with modern living trends and that the village retains its quality. Should you have a specific request or any special needs this can be discussed with our sales team who will do their very best to accommodate you as far as possible. Dedicated Sales Representatives Faircape has a dedicated team of sales representatives who will manage and drive the resale of your unit offering you and/or your family a convenient and efficient transfer process. We have a waiting list for all our villages which ensures fast and efficient turnaround times. Professional Legal Assistance Faircape has an in-house legal department consisting of registered Conveyancers who facilitate a quick and painless process. There are no conveyancing fees payable and our legal team will talk you through the process to ensure a stress-free transaction..

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71

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116

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Street Number

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FAIRCAPE LIFE Committed to excellence

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Healthcare Centre Tokai Estate has a fully equipped Healthcare Centre. This is a primary health facility offering additional services to residents in need of sub-acute, palliative, step-down and respite care. Admission to the facility requires completion of a pre-admission process, including a medical report, whereafter admission will be granted at a set tariff. The tariff will be adjusted for the level of care required as determined by our clinical head and support professionals. Prices range from: • Monthly Rate: R35 000.00 - R55 000.00 (dependent on room size and features) • Daily Rate: Frail Care: R1 500.00 per day (should the Frail Care become long term, please expect a reduced rate) Sub-Acute: Starting from R1 500.00 per day * Prices are subject to change without prior notice. Tariffs include all meals, accommodation, domestic services and 24 hour nursing care. All medical supplies are charged to residents’ accounts. The Healthcare Centre is registered as a private Health establishment with a licence to operate as a sub-acute centre and may enable the resident to apply for compensation from his / her medical aid scheme depending on their scheme’s rules.

Contact us Senior Unit Manager Karin Louwrens Tel: (028) 316 6069 Cell: 060 997 6209 Email: karinl@faircape.co.za Vans Road, Tokai, 7945 Should you be interested in purchasing a Life Right, kindly contact: Sales Manager

Village Manager

Candice Vietri

Ann Steel

Direct: (021) 815 5762

Tel: (021) 001 8290

Switchboard: (021) 815 5700

Cell: 060 997 5789

Cell: 082 460 9221

Email: anns@faircape.co.za

Email: candicev@faircape.co.za

Vans Road, Tokai, 7945

6th Floor, The Terraces, 25 Protea Road, Claremont, 7708

Information in this brochure is deemed to be correct as of January 2021 and is subject to change without prior notice.

www.faircapelife.co.za


Committed to excellence

Profile for Faircape-Group

Faircape Life - Tokai Estate Sales Brochure April 2021  

Faircape Life - Tokai Estate Sales Brochure April 2021  

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