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Onze Molen Phase 3 – Retirement Village Durbanville



Overview

Onze Molen – Retirement Village Durban – is the oldest in the New life retirement villages group, Built-in 2001. It boasts a warm and homely feel and has 35 units compromising of Bachelor, 1 & 2 bedroom apartments with the Centralised New life Frail care onsite.

The design and location made it so popular to locals that a second phase development to extend Onze Molen was quickly put together in 2019. It has taken a few years for zoning and land access but now Onze Molen has broken ground on its Phase 2 and is excited to see it go up and create more space for the vibrant community and residents who are already thriving in phase 1.

There are 17 new units available, due for completion by FEB 2023.

5 of the 17 units have already been sold.

  • 2 Bed room with Balcony @ R 1 790 000
  • 2 Bed room with Garden @ R 1 890 000

Garages available from R 150 000 each

SERVICES

​ Onze Molen offers the following services to residents:

  • Panic Button System – Residents are all requested to have a panic button with them at all times.
  • Residents have direct access to the onsite assisted care facility.
  • A qualified nurse that runs a blood pressure clinic and checks vital signs.
  • A Meal service (outsourced) – order the meals of the weekly menu. No min order required.
  • A shopping shuttle service, taking our residents to do their weekly grocery shopping.
  • Regular social and cultural outings as requested to coffee shops, wine estates, V&A Water Front, and other cultural or scenic spots.
  • Morning 10am Tea in the tea room.

New Life Community Services unique value

New Life Community Services designed Developments around community as a core with and to cater to all levels of affordability. We did this through a Life Right Development model where typically the cost of a unit is lower than what you would pay for a house, sectional title, or apartment of a similar size.

Why Life Right?

Life rights developments are growing in popularity in South Africa. They offer a more cost-effective and less onerous option for retirees than an investment in regular property types.

Essentially life rights could be viewed as a housing product, an insurance policy, and a good night’s sleep all rolled into one. With a lower financial barrier to entry, than a sectional title or freehold house, Life Rights are an attractive option for those living on a fixed retirement income.

‘Life Right’ refers to a property contract whereby a resident enjoys the same privileges as if the home was purchased in a freehold or sectional title manor, except that the developer of the home remains the sole owner of the property. This means the security of tenure until death. As such, much like in a marriage, it’s a two-way long-term commitment. The developer or sectional 21 organization is every bit as dependent on the health of the relationship as is every resident of the development.

Life Right purchase has not got a property transfer – there are no bond registration fees, no transfer duties and no VAT payable, thus avoiding the negative effects that such additional costs can have upon discretionary income and estate values.

When it comes monthly costs Life Right provides all the advantages of regular homeownership without the cost or hassle of insurance, home maintenance, garden upkeep, domestic workers, repairs and security upgrades. All property management, maintenance, and upkeep falls to the developer or section 21 organization as the owner of the property. No body corporates or slow trusts to work through. In this Life Right model there is mutual risk. As a result, there is protection for the resident against unforeseen hidden costs and special levies so often seen in a sectional title or whole owner models.

Because of their popularity, there are normally long waiting lists for New Life Community Services Life Right development units. So it is advisable to contact them and make an appointment to view a unit and put your name down as soon as possible.

Contact Onze Molen – Retirement Village Durban – today…

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