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
- 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.
- 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.
- Your tenant is largely paying off your investment property & bond for you.
- 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.
- The longer it takes to enter the property market the harder it becomes.
- Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.
- 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