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Frequently Asked Questions

GENERAL

The Developers

Rémey was founded in April 1994 by its current CEO and Chairman, Johan Meyer. With its head office situated in Stellenbosch Rémey has over the years successfully completed and developed numerous projects. A few of the most recent being the 5 star Hazendal Hotel & Spa, Delaire Graff luxury accommodation, Burmeister on Park apartment building, and De Oude Poskantoor offices & retail space in Stellenbosch.

Remey acquired the Nooitgedacht Lifestyle Village in 2022, with plans to further develop and enhance the village over the next few years. The Vineyards luxury apartments as well as The Foundry lifestyle centre will be the first addition, with more residential options to follow.

Architects

TV3 Architects & Town Planners, a Stellenbosch based architectural firm that created an exceptional space to compliment the estate and its continued development.

Interior Decorators

rooom – they add the “ooo” factor with their approach and contributions to these luxury apartments.

Transferring Attorney

Sandré Marais Incorporated
+27 21 863 1069
sandre@lawsmi.co.za

Bond Originator

Oobalink
Nicolette Marais

Tel:            +27 21 976 1824
Cell:           +27 82 441 1917
Email:         nicolette@oobalink.co.za
Address:     75 De Keur Avenue, Vierlanden, Durbanville, 7550

Key Nearby Locations to the development

Stellenbosch CBD – 8,6km (12min)
Stellenbosch University – 8,6km (15min)
Stellenbosch Medi Clinic – 8,6km (15min)
Stellenbosch Schools – 8,6km (15 min)

  • Paul Roos Gymnasium,
  • Hoër Meisieskool Bloemhof
  • Renish Girls’ High School
  • Stellenbosch High School
  • Rhenish Primary,
  • Eikestad Primary
  • Stellenbosch Primary

Jonkershoek Nature Reserve – 17,7km (26min)
Devonvale Golf & Wine Estate – 2,3km (5min)
Devonbosch business hub – 2,3km (5min)
Cape Town International Airport – 28,9km (36min)
Cape Town Stadium – 47,2km (45min)

Nearby Wine Farms & Restaurants

Wine farms & wineries (nearly 150 in a radius of 25km)

  • Simonsig Wine Estate
  • Delaire Graff Estate
  • Byerskloof Wines
  • Rust & Vrede Wine Estate
  • Kanonkop Wine Estate
  • Tokara Wine Estate
  • Peter Falke Wines
  • Babylonstoren

Restaurants

A variety of restaurants and cuisines (within a 10km radius)

  • Kantien, Eike, Spek & Bone by Bertus Basson
  • Post & Pepper
  • De Eetkamer
  • The Vine Bistro at Glenelly
  • The Fat Butcher
  • Rust & Vrede
  • Indochine
  • Lanzerac Manor Kitchen
  • Dusk Restaurant

Estimated Commencement & Completion Dates

Construction is set to commence in 2024 with the expected completion date in 12 months thereafter.

Parking

We have 110 parking bays

  • Each one & two-bedroom apartment has one dedicated parking bay INCLUDED in the purchase price. Each three-bedroom apartment and Penthouse have two parking bays INCLUDED in the purchase price.
  • All parking is secure and has direct access to the building
  • There are a further 28 parking bays available for residents and visitors.
  • Dedicated parking bays for disabled people.

Buying off-plan property in Stellenbosch

  1. Stellenbosch sees an average annual capital growth of 7%, so your property value is growing at roughly 7% pa but you are only required to put down 10% of the development value.
  2. This means you are getting growth on the full purchase price of the property and only have to put down a fraction of the price.
  3. Your tenant is largely paying off your investment property & bond for you.
  4. Your rental income increases every year but bond repayments generally stay the same and in relation to yearly salary and incomes inflating, the bond repayments become relatively cheaper every year.
  5. The longer it takes to enter the property market the harder it becomes.
  6. Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.
  7. At this price point the difference between a bond repayment and rental amount might be small enough to consider buying your own property rather than renting from someone else.

Bond pre-qualification and pre-approval

This can be done online by using the Ooba Indicator. It is a quick process to estimate the approximate amount you could qualify for. This is however NOT a bond approval.

What happens if my bond is not approved, do I get my deposit back?
Yes, the deal is subject to your bond being approved and should it not be approved the deposit is paid back to you with interest.

If you are unsure if you can afford the bond it is a good idea to get pre-qualified prior to the 25th October 2023, the sales day

Follow the link below to check your affordability: https://indicator.ooba.co.za/#/?var1=OBW&var2=&var3=obi&var4=Unknown

Once my bond is approved, when do I start paying?

Bond repayments will commence once the property has been built and transferred into your name and the bank has settled the payment to the seller.

Bond registration costs

Bond costs are payable at the time that the bond registers, once the development is complete. Transfer duties: There is no transfer duty payable but there are transfer fees (attorney costs). The seller is registered for VAT so there will be no transfer duty but only transfer costs payable.

The transferring attorneys are providing a 25% discount on bond registration costs.

What are the transfer fees?

To calculate the transfer costs you can click on the below link:

Transfer Duty Calculator | Transfer Cost Calculator (ooba.co.za)

Example:

On a purchase price of R2 million the transfer costs would typically be R41 237* however, we have negotiated a discount with our transferring attorneys who will be offering clients a 25% discount, meaning that the transfer costs would be reduced to R30 928.
*Please note these are subject to change

What do the levies include?

They cover the costs of security, cleaning & landscaping of the common areas, maintenance of the building, building insurance and all running costs and management costs and insurance of the building.

Rates

Monthly rates are based on the value of the property and are calculated based on the value of the property less R250 000 and then multiplied by 0.005397 to get your yearly rates. Divide this by 12 to get your monthly rates.

Example: R2 Million Property
=(R2 000 000 – R250 000)* 0.005397 = R9 444 per annum
This equates to R787 per month

Are there any hidden costs?

The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (transfer takes place).

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable.

The development offers extra’s at an additional cost should you select items such as air-conditioning and double glazing.

When will we be able to move in/find a tenant?

After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your apartment from the date of occupation.

Pre-paid electricity

Each unit will have an independent electricity meter.

Water supply

Water will be paid in arrears and will be billed and metered on specific unit usage. There will be a central heat pump instead of geysers in order to make the building more efficient and minimize costs.

Rental policy

Short-term rentals less than three months are not permitted.

Security features

The estate offers all residents state-of-the-art security, featuring a gatehouse that is manned 24/7, 24h monitored Thermal Cameras, strict access controls and electric perimeter fencing ensures you can go about your day with complete peace of mind.

Air-conditioning

All apartments have the option to add air-conditioning as an optional extra at an additional cost.

Backup power solutions

Backup power for essential lighting, TV and Wi-Fi is included in the price. 

High-speed Wi-Fi

High-speed Fibre connectivity ensures residents have superfast internet in their apartments, this will be for the owner/residents account. The owner and/or resident will need to contact the service provider to obtain the ISP.

Lift Access

There is one lift with access to all floors, from ground to third floor.

Pet Policy

The estate is a pet-friendly environment, however NO pets are allowed within the apartment block

Online shopping delivery

Deliveries are permitted, all rules and estate security guidelines of the estate will apply.

Nooitgedacht Village

The Vineyards Body Corporate will automatically be part of the Nooitgedacht Village Master Property Owners Association.  For more information and read it’s constitution click here or visit the website

Development Experts

Chantel
084 845 5241
chantel@nooitgedachtvillage.co.za

Sales Launch Information

Sales Launch Date

Sales go live on Wednesday, 25 October 2023 at 1pm via the interactive sales platform at https://sales.the-vineyards.co.za/

Does the deposit earn me interest?

The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.

Benefits of purchasing on launch

  • R100 000 launch day discount
  • Best selection of units
  • Capital appreciation is estimated at 8% while the development is under construction
  • Rare opportunity to own in a neighborhood with exceptional long-term rental demand
  • Rare opportunity to purchase a Luxury Apartment in an existing Secure Lifestyle Village in the winelands.

The Interactive Price List

  • Ahead of the sales launch you will be able to view and browse all the available units by visiting the user-friendly interactive price list
  • Here you can easily browse the available units and use the filters and sort function to narrow down your search.
  • On each unit the layout, all costs and expected rentals are shown.
  • Once sales go live on the 25th of October 2023, you can reserve your preferred unit/s.

Your Shortlist

Simply click the ADD TO LIST button on your favorite units. You can also reserve your preferred unit directly from the Shortlist.

Securing A Unit

  1. All reservations will happen online via the interactive price list.
  2. Register prior to launch and log in to sales.the-vineyards.co.za before 1pm on launch day.
  3. At 1pm on Wednesday 25th of October when the countdown reaches zero, sales will go live and a green reserve button will appear.
  4. You will be able to secure your preferred unit/s by pressing the green reserve button, following the steps and paying the R5 000 reservation deposit.
  5. You will then receive an email from our team with the Agreement of Sale for you to sign and return to us within 48 hours.

Please note:

  • There is a possibility of load-shedding during the sales launch and therefore, we urge you to make provisions for this and to make sure you have access to reliable Wi-Fi at 1pm.
  • Whilst we have put everything in place to prevent double bookings, sometimes these do happen. So in the unlikely event that the unit you have reserved was also reserved by another buyer, then the unit will be allocated to the buyer who paid their reservation deposit first (this is recorded by timestamp).
  • Should the second buyer not find a suitable replacement the reservation deposit will be refunded. We apologize for any inconvenience this may cause.

The R100 000 Launch Discount

Buyers who secure a unit/s on launch via the online platform will receive R100 000 off the purchase price. Terms & Conditions apply.

Unlocking Your Discount

To activate your discount, simply click the green discount button below the price on any unit and follow the prompts to complete your Buyer Profile & unlock the discount on all units. Once completed, the discounted price will show on the price list.

The Reservation Process

All reservations will happen online via the interactive price list.
The below list outlines the steps you’ll need to be familiar with in order to have the best chance of securing the unit you want to purchase.

  1. Register and log in to sales.the-vineyards.co.za
  2. Once the countdown reaches zero and sales go live at 1pm, you will be able to Click the RESERVE button on your selected unit to start the process.
  3. Make sure to be quick as others may also be interested in the same unit.
  4. Complete the form and accept the terms: Click CONTINUE
  5. Your reservation will now move to the pending state where you have 10 minutes to make payment of the R5000 reservation deposit.
  6. You may then pay your R5000 reservation deposit via the following methods:
    – Visa or Mastercard
    – Instant EFT via OZOW
    – Masterpass
    – Snapscan
  7. Once the R5000 deposit is concluded, your unit will be reserved!*
  8. You will then receive an email from our team confirming your reservation.

Next steps:

  • The Agreement of Sale will be sent to you via email, this will need to be signed and returned to us within 48 hours from receiving it.
  • The full deposit required is 10% of the purchase price within 7 days of purchasing the unit.
  • The balance (90%) will need to be secured within 21 days by either a bond approval, bank guarantee, or cash.
  • Alternatively, we will also accept cash offers with 30% deposit payable upfront with the balance payable 90 days before occupation.
Contact our development experts
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Chantel Pienaar
Development Expert
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