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This exclusive off plan development in Umhlanga Rocks have won numerous awards in the mixed used category. We have 22 apartments from 460 (at launch) available with no transfer duty applicable.
We only have a few units left at the Oceans Development. Herewith an explanation of how the Sales process works and some relevant information.
There will be a 33000sqm shopping mall, with 100 boutique type stores such as Versace, Burberry, and Ice bar, Woolworths food and clothing, Virgin active, Ladies only gym, dr facilities and 10 great restaurants such as Jamie Oliver, Hard rock café etc. The two residential towers is situated above this shopping mall. The ground floor for the residential towers is Floor 7.
There will be 2 pool areas, a club lounge with bar and restaurant, office facilities and a function room on floor 7 other than the ground floor apartments.
There is 28 floors in both towers, with 3 lifts other than the service lift that takes you into the undercover parking and the shopping mall.
As you can see on the availability list we also have some penthouses still for sale.
To reserve a unit you will have to pay the Option fee of R 34 200 to the Ocean Umhlanga Account - this reserves your unit and this amount will be deducted of the Sales Price.
Thereafter you will have to sign The Contract of Sale - When signing this you will have to pay R 100 000,00 pre deposit (a total of 15% deposit is required when purchasing an apartment) The balance of the deposit is due within a week after signing your Contract of Sale )
Deposits will be paid to Garlick and Bousfield into their interest bearing trust account - all fica documentation must be supplied. You earn interest of a minimum of 6.6 % .
The balance of the Purchase price (Guarantee amount) must be either cash / irrevocable bank guarantee / bond (most clients go the bond route as you will only have to start making repayments on your bond in 2019.)
Occupation date is Feb 2019
There is a once of levy of R 40 000,00 plus vat that must be paid into the Levy stabilization fund on transfer.
Holiday letting of apartments are allowed. The body corporate prefers rentals of 2 weeks or more for security reasons. You will have to get permission from the body corporate if you want to let out your unit for a shorter time than that.
No pets allowed.

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