RENTAL POOL AND LEVIES
All tents will form part of a rental pool. Centralised reservations and marketing of the tents will be conducted world-wide by the resort manager in order to realize maximum return on investment to owners. If a tent owner chooses not to utilise the facility, the tent will automatically form part of the central reservation pool. Income from this resource will be distributed on a quarterly basis. All tent owners will receive a 10% rebate from the resort manager on all income-driven activities available for use on the resort, including the restaurant, conference facilities, fly-fishing. etc
A nominal contribution is payable by each shareholder towards the maintenance of the property in the form of an anticipated levy of only R290 per month.
INVESTMENT PROCESS
Investors receive their shareholding certificate subsequent to the transfer of the investment capital and are automatically thereafter represented by the Tent-Owners' Association. Shares in a specific tent at a specific location are available and the investor will have the opportunity to choose between the two standard sizes on the property.
INVESTMENT OPPORTUNITY
Style type |
2 Bedroom |
3 Bedroom | |
Number of guests |
4 |
6 | |
Total capital investment per share block |
R130 000 |
R165 000 |
|
Usage per annum (per share block) |
28 days |
28 days |
|
Total number of tents on resort |
50 |
||
| Number of share block opportunities | 650 |
||
Current estimated tent rate per night |
R900 |
R1 200 |
RESORT MANAGEMENT
The resort is to be managed by the Tent Owners' Association, consisting of all tent-owners, in conjunction with the resort manager, appointed by the developer.
Administration:
Trust Account Details:
Jeanne de Klerk Attorneys
ABSA BANK, Pretoria-Noord
Account No: 4053080415
Branch Code: 509145
Auditor Details:
Bennie and Wilson Chartered Accountants (SA)
321 Alpine Way, Lynnwood 0081
P.O Box 35847, Menlo Park 0102
Tel: (012) 348 7003
Fax: (012) 348 7090
E-mail: johanp@bennieandwilson.co.za
Cell: 082 453 2439
