A: 176 Main Road Muizenberg, Cape Town, South Africa.
GPS co-ordinates: S 34º 6’ 38.29” E 18º 28’ 1.36”
Q: Where is the development located?
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. For estimated monthly levies of each apartment please visit our Price List page.
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: What deposit is required?
A: 10% of the total purchase price.
Q: Who are the conveyancers?
A: Strauss Daly Attorneys
Q: What is included in my purchase?
Q: What are the transfer and other legal costs I need to take into account?
A: VAT is included in the purchase price. Attorney’s fees are payable in addition to the purchase price. There are property conveyancing fees for transfer. If you require a bond, there are bond registration and associated conveyancing costs as well. There is no transfer duty to pay – a substantial saving. Monthly levies are payable.
Q: Can I rent out my unit?
A: Yes.
Q: Is there a rental manager who can take care of managing my rentals and what are the costs?
A: Yes. See: https://wavescapes.co.za/managed-rental/
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 for a studio, one-bed, two-bed 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 what 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 WiFi, who is the service provider and what is upload and download speeds are available?
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, which can be supplied via 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?
A: See: www.propensure.co.za
Q: Is there a caretaker on site?
A: No.
Q: Who can assist me with getting a bond?
A: Go to: Ooba Or for a bond calculator go to: Ooba bond calculator
Q: Is there secure off-street parking available?
A: Yes.
Q: Are there any nearby local attractions and recreational facilities?
A: Yes, there are numerous attractions and amenities in the immediate vicinity. Please visit https://wavescapes.co.za/location/ and
https://wavescape.co.za/lifestyle/ for more detail.