R19 000 for a stake in Lange­baan

Weekend Argus (Saturday Edition) - - PROPERTY -

TWENTY new lux­ury res­i­den­tial share block units are planned for Sun­set Heights, a se­cure es­tate near Lange­baan Coun­try Club and Club Mykonos on the west coast.

The es­tate al­ready has 63 units, and the developer, Lange­baan Va­ca­tion Share Block, plans to build seven two-bed­room units and three three­bed­room units in the next phase.

Con­struc­tion of the first 10 units will start in Jan­uary, and the homes are ex­pected to be com­pleted and fur­nished by end of Oc­to­ber.

The new devel­op­ment will be man­aged by Ger­ard Maclach­lan, Franz Holm and Alex Bosch, who say shares will be based on one share block share a week for a twobed­room unit.

The three- bed­room units are twice the size of the two- bed­room units, so they will each be worth two shares.

“Share­block weeks are avail­able from R19 000, and shares will be owned by in­vestors in per­pe­tu­ity,” says Ger­ard Maclach­lan, manag­ing part­ner of Lange­baan Va­ca­tion Share Block.

“L a n g e b a a n Vac a t i o n Share Block Ltd has col­lab­o­rated with in­no­va­tive de­sign­ers and top leisure ex­perts to of­fer in­vestors a pre­mium prod­uct.

“Our aim is to change the nar­ra­tive of the share block land­scape in South Africa.

“Each of these 20 units will have lux­ury fit­tings and fur­ni­ture, as well as DStv Pre­mium and high-def­i­ni­tion tele­vi­sion sets.”

Units in phase one of the Sun­set Heights devel­op­ment a r e a v a i l a b l e a t w w w. Lange­baanVSB.co.za.

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