R19 000 for a stake in Langebaan
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.