Residential Plots & Group Housing Sites - Herolds Bay country Estate (Pty) Ltd, Long Island Trading 44 (Pty) Ltd, GFA Holdings, Dalmar Construction (Pty) Ltd
George Municipality
The estate includes a community centre with food retail and other smaller line shops.
The development will have various security systems, access control, cameras, guarding and perimeter fencing.
The property ownership is Full Title which is managed by the Home Owners Association.
The Constitution, the Rules and Regulations and the Architectural and Landscape Guidelines. These are available on request or for download from our website.
Phase 2 Cluster Plots - 27 plots of sizes 480m2 - 635 sqm, Plots are serviced and homes can be constructed from early 2025.
Phase 2 Country Estate Plots, Plots are serviced and homes can be constructed from early 2025.
Retail Mixed Use Convenience Centre - 2026/7.
Phase 5 Residential - Servicing of Phase 5 starts in 1st quarter of 2025 and completes last quarter of 2025.
Phases 3, 4 & 6 - commences early 2026, complets end 2026.
Construction of a home can commence once the plot is transferred into your name. From the date of transfer you have 18 months within which you must commence with the construction of your home and once you start building you have a year in which to finish.
The levy is R 2000 per property (2024 rate), per month (Escalates at 8,5% per month until transfer). Levy is payable once the plot transfers into your name and the HOA is established.
The owner will pay this from date of transfer, the George Municipality, the Utlilty Company and / or the HOA for services.
R 1 Billion + (All homes completed).
No, you will have to design your home with garaging for your requirements.
Yes, there will be professional estate management company appointed.
Long term rentals will be permitted via any approved estate agency
Only full status, fully qualified Estate Agents (Property Practitioners) with valid fidelity fund certificates will be allowed to offer properties for sale. The HOA will implement an accreditation process to protect owners in this regard.
Yes, two dogs, up to 45cm in height. Rules have been formulated for the registration and licensing of dogs in the estate.
Yes, you will have to design your home accordingly. Security checks will be in place for all contractors and employees.
The approved development architects for home designs are:
· Studio IMW
· Mere Group
You will have to make provision for this in your home design.
Yes, fibre will be installed in the estate.
The HOA documentation is complete and has been handed into the municipality. The developer will establish the same in due course after registration of properties into buyers names.
The developer does this during the development phase thereafter the HOA does this.
Owners are to design courtyards out of view for this purpose.
The development is a phased one and each phase will require pre-sales to activated construction. The entrance precinct and Phase 2 has been completed. Phase 5 commences early in 2025. Phases 3, 4 & 6 will follow as sales velocity dictates. Check with your agent for approximate dates. The Purchase Agreement is a suspensive one. This means that the developer sells to you on condition that the properties are serviced. If this does not occur your funds are refunded as they are invested by the Attorney for your safety.
No - Your deposit / funds is/ are held in the transferring Attorneys Trust Account. It is invested on your behalf and carries interest which accrues to you. Attorneys are by law required to have Fidelity Insurance. The attorneys charge a +- R 250 fee to invest monies.
Your 10% deposit is required immediately to secure your purchase. The balance must be secured by means of a mortgage bond, suitable guarantee or cash stipulated in the purchasing agreement. Each phases requirements differ, check with your agent for details.
The attorneys (conveyancer) will walk through the steps of transfer with you. They will attend to registration at the deeds office. But basically it involves the following steps: Offer to Purchase, Constitution, Estate Rules and Architectural Guidelines must be signed by purchaser and the seller, deposit paid, guarantees or bond issued, lodgement at the Deeds Office, transfer into your name. If you pay cash the Title Deed will be available within approximately 60 days after transfer, if there is a bond involved it will vest with the bond holder until it is paid off.
The developer has a Revisionary Right registered. Should you not build in the prescribed period, the developer can buy back the property back from you in terms of this clause.
Should the developer decide not to take up the revisionary right, the HOA could impose building penalties at the time on unbuilt properties.
No, the developer is a VAT registered vendor and as such he will in the course of his business submit this to SARS. There is therefore no transfer duties. The purchaser will however be required to pay the attorney costs to transfer the property.
Costs that will be carried by a purchaser privately include: attorney fees, bond registration fees, bond valuation fees, guarantee fees and any VAT on those fees.
The ROD (Record of Decision) by Province and the approvals by the Tribunal and the George Municipality contain the conditions of establishment. There are a large amount of requirements by each department. The developer, together with the legal and professional team have worked through these requirements and have / are implementing them into the development where required.
The development has commenced construction and first property transfers will be from December 2024.
Funding of all phases will be spread between Private and Institutional financing.
The land owner will continue to reside and farm the property. There is an access servitude in place for them to access the farm through the development.
