Q: Where is the development located?

A: 172 Main Road Muizenberg, Cape Town, South Africa. GPS co-ordinates: S 34º 6’ 38.29” E 18º 28’ 1.36”

Q: How many apartments are available for sale?

A: 70

Q: What is the expected completion and move in dates?

A: Completion is estimated to be mid-2024, 18 months from commencement of construction. Move in: The buyer will be given 3 months notice of the date prior to completion.

Q: Are there levies?

A: Yes. See:  Price list here: https://wavescapes.co.za/price-list/

Q: Are pets allowed?

A: Yes. The owner or occupier of a section may, with the Trustee’s written consent, which must not be unreasonably withheld, keep a small dog (being a breed up to 40cm in height) or cat in a section. In the event consent is given, such owner must sign the application in a format determined by the Trustees.

Q: How do I go about purchasing my unit of choice?

A: Select a unit through the Price List or Floor Plan pages on this site and fill out and send the response form.

 

There are two payment options: 1. 10% deposit 90% bond approval 2. 10% deposit 90% bank guarantee.

 

You can view a Deed of Sale here: https://wavescapes.co.za/documents/

The Deed of Sale will be sent to you by a sales agent. Once this is signed by both purchaser and seller a 10 percent deposit is payable to the conveyancers. The balance of the purchase price will be due once all suspensive conditions to the contract have been met by all parties.

Q: Who retains the interest on funds held by conveyancers.

A: The purchaser.

Q: Who are the conveyancers.

A: Strauss Daly Attorneys

Q: What deposit is required?

A: 10% of the total purchase price.

Q: What is included in my purchase?

Q: What are the transfer costs, VAT and any other costs to consider when I purchase my unit of choice?

A: VAT is included in the purchase price. Attorney’s fees are payable in addition to the purchase price. There are property legal conveyancing fees for transfer. There are bond registration and associated conveyancing costs where relevant. There is no Transfer duty. Monthly levies are payable.

Q: Can I rent out my unit?

A: Yes. 

Q: Is there a Letting Agent responsible for managing my rentals and what are the costs.

Q: What other monthly costs must be considered other than my levy.

A: Municipal rates and utility consumption costs.

Q: What are the expected rates and taxes bill on a 1, or 2 bedroom or Penthouse unit?

Q: How are water, electricity and other services billed?

A: Water and electricity are prepaid.

Q: Is electricity prepaid or paid monthly?

A: Prepaid.

Q: Is my individual water usage metered?

A: Yes.

Q: Are there storerooms available?

A: Yes. These can be purchased at an additional cost. Contact a sales agent, see: https://wavescapes.co.za/contact/

Q: Who maintains the building and what do they maintain?

A: The common property is maintained by the body corporate. Owners are responsible for the internal maintenance and repairs of their section.

Q: What is the role of the Body Corporate and that are the governing regulations?

A: See Management Rules and Conduct Rules: https://wavescapes.co.za/documents/

Q: What is included in the month levy?

A: See: https://wavescapes.co.za/price-list/

The monthly levy will include:

  • general maintenance of the common property;
  • cleaning of the common property;
  • security, including infrastructure, systems and personnel;
  • building insurance premiums;
  • the management fee for the managing agent;
  • payments for other services rendered to the body corporate (auditors, attorneys etc.);
  • municipal utility bills for common area consumption;
  • banking and other similar administrative charges; and 
  • major long-term maintenance projects (repainting, re-roofing, repaving etc.).

Q: What security is in place and how does it work?

A: It is intended that the building will have a 24/7 security guarding services EV track and Supersite.

Q: Is there Wi-Fi, who is the service provider and what is the up and down speed?

A: A fibre network will be installed by the developer. Owners are required to subscribe to an ISP to provide their individual connections and equipment.

Q: Is WIFI included in the levy?

A: No

Q: Is there DSTV, landline telephone and internet connectivity?

A: It is the owner’s responsibility to subscribe to these services, they can be sourced from the fibre network.

Q: What else is on offer in the common facilities?

A: The on-site short-term letting manager will provide a coffee station and vending machines, and servicing off the ground floor courtyard.

Q: Who are the managing agents?

Q: Is there a caretaker on site?

A: No. 

Q: Who can assist me with getting a bond?

A: Ooba

Q: Is there secure off-street parking available?

A: Yes. 

Q: Are there any nearby local attractions and recreational facilities?