3 Bed Townhouse in Oakdene

MAGNIFICENT THREE BEDROOM, TWO BATHROOM UNIT IN A SOUGHT AFTER RETIREMENT VILLAGE | SAFE AND SECURE WITH LOADS OF FACILITIES

Why to Buy?

Three spacious and carpeted bedroom with built in cupboards

Two tiled and neat bathrooms with shower | bath

Modern and fully fitted kitchen

Open plan feel and vibe

24 hour security in a retirement village - 50 years plus only

. Outdoor communal garden areas with gazebo, table and chairs

The Glenzicht Retirement Village is situated in the heart of Oakdene and boasts a warm and friendly community of residents. This unit is located on the ground floor consisting of three spacious bedroom and two bathrooms with a shower | bath, basin and toilet plus a spacious open plan lounge and kitchen in one.

The outside features of the Glenzicht Retirement Village are: community facilities including a library, restaurant, meeting area, large hall plus more and beautifully well maintained gardens and 24 security. The gardens and community facilities are very neat and well maintained. Regrettably no pets are allowed and no frail care facility available.

Sold under Life Rights - For Persons Aged 50+ only

Understanding Life Rights:

One advantage of a Life Right purchase is that there is no property transfer costs and no bond registration fees, no transfer duties and no VAT payable. Additionally, the Life Right holder is given a draft levy budget for the first three years of occupation which ensures that there are no hidden costs and allows the Life Right holder to financially plan accordingly. Life Right residents enjoy similar privileges to those in homes purchased by sectional or other title, only that the developer retains sole ownership of each unit and therefore carries the responsibility for external maintenance of the unit, the village and its facilities. This relationship therefore ensures that all

facilities are regularly maintained and no special levies can be charged to the Life Right Holders. When the Life Right terminates, through death or other circumstances, it reverts back to the owner of the village, who is then entitled to resell it. Upon a successful resale, the estate receives the original Life Right purchase price along with a profit share and less the selling and refurbishment costs. Essentially a Life Right scheme can be viewed as a housing product, an insurance policy and a worry-free existence rolled into one.