21 NIGHTS A YEAR IN THE LUXURIOUS PEZULA RESORT AND SPA PRIVATE RESIDENCE CLUB
PLEASE KEEP READING: THIS IS SHAREBLOCK...NOT THE ENTIRE UNIT! IDEAL HOLIDAY HOME FOR 21 NIGHTS PER YEAR
This is the top-end of the market representing the pinnacle of luxury and quality. It is the combination of prime location, magnificent views, extraordinary architecture and design, and the highest level of services and amenities that deliver 5 Star offerings.
Each residence is 200sqm with 150sqm under cover, and comprises two equal, luxury master suites with well-appointed en-suite bathrooms, lounge with fireplace, dining area, kitchen and terraces. Residences have state-of-the-art interiors and each has an outdoor plunge pool. Parking space available.
The year is divided into 2 x 6 month periods Reservation Cycle 1: March to August and Reservation Cycle 2: September to February. Upon purchase of a share each SHAREHOLDER will be assigned to a Reservation Cycle for the first year. The shareholder's 21 nights per annum will rotate between the Reservation Cycles annually.
The Priority Reservation Period will open on the 1st October and runs for 1 month to the end of October. This time is reserved for shareholders to reserve their 21 days Nights for the next Use Year. Shareholders may then reserve their 21 nights within the 6 months of their Reservation Cycle (and the alternate Reservation Cycle in the following use year).
Shareholders pay an annual levy, which pays for the professional management and operation of the Pezula Private Residence Club. The levy for the year ended February 2021 was R37,534.85 (excluding VAT,) per share and barring extraordinary circumstances will escalate annually at South African inflation related rates.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
