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| Fractional Ownership Explained |
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Fractional ownership originated in the United States in the Rocky Mountains ski resorts in the early 1990’s. People realized that it made much more sense to buy into real estate together with several other people, thereby dividing the purchase price and the running cost of the property. Generally, people only use their holiday homes once or twice a year at most. Fractional Ownership affords the opportunity to visit your own holiday home once or twice a year but at a fraction of the cost compared to being the sole owner.
Sharing the purchase price and the running costs of a vacation home makes it possible to own an ultra luxurious property - something which might not otherwise be affordable. Compared to timeshare which usually offers smaller and less luxurious accommodation, Fractional Ownership not only offers extreme luxury, but also a share of the growth in the value of the property. The share can at any time be sold by simply signing over the share in the property without any lengthy conveyance and deeds office delays. It is a short cut to get one’s hands on the inbuilt profit as well as cash should the need arise. |
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| Fractional Ownership at Hunters Pride |
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Hunters Pride takes fractional ownership a step further by providing for fixed weeks chosen from a roster, combined with flexible weeks which must be booked in advance. The advantage of this system is that a week can be pre-booked to your choice of holidays throughout the year (school holidays, mid-term breaks etc). An owner can also rent out his weeks or let friends or family make use of it, or make his/her own arrangements to exchange it for fractional ownership anywhere in the world.
Our Fractional Ownership scheme is unique in that it is the only scheme that affords the option to purchase a fixed week (yours to use for ever) or a flexible week, which must be booked in advance as set out in a use agreement. This ownership method has been designed so that owners can choose a week to suite their personal needs.
Only 50 weeks are sold in a unit. The remaining two weeks of a year are set aside for annual maintenance and repairs.
The present levy per week purchase of only R 180.00 per month on a two bedroom, R 193.00 on a three bedroom and
R 210.00 on a four bedroom unit covers the total running cost of the house such as insurance, body corporate levies, cleaning services, managing agent fees, etc. which is proof of the advantage of sharing cost. |
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| Share Price (Fractional Ownership) Fully Furnished |
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Prices per week, as indicated below, are for cash payments and include VAT.
There is no limit on the number of shares/weeks purchased.
For all queries regarding:
Calendars,
Rosters,
Inventories,
Contracts / Sales Agreements, please feel free to contact our agents through sales@hunterspride.co.za / or contact 076 231 3324
[view detailed descriptions and costs] |
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| Option |
Week |
2 Bedroom 275m² |
3 Bedroom 345m² |
4 Bedroom 390m² |
| Flexible weeks |
38 |
R68 500 |
R81 500 |
R96 500 |
| Easter Week |
P06 |
R107 000 |
R127 000 |
R147 000 |
| April Holiday Week |
P07 |
R107 000 |
R127 000 |
R147 000 |
| 1st July Holiday Week |
P08 |
R139 000 |
R159 000 |
R179 000 |
| 2nd July Holiday Week |
P09 |
R139 000 |
R159 000 |
R179 000 |
| 3rd July Holiday Week |
P10 |
R139 000 |
R159 000 |
R179 000 |
| Spring Break Week |
P11 |
R107 000 |
R127 000 |
R147 000 |
| 1st Week in December |
P12 |
R107 000 |
R127 000 |
R147 000 |
| Second Week in December |
P01 |
R107 000 |
R127 000 |
R147 000 |
| Week Before Christmas |
P04 |
R119 000 |
R139 000 |
R159 000 |
| Christmas Week |
P02 |
R129 000 |
R149 000 |
R169 000 |
| New Year Week |
P03 |
R129 000 |
R149 000 |
R169 000 |
| Week Following New Years Weak |
P05 |
R107 000 |
R127 000 |
R147 000 |
Weeks PO1, PO4, PO5, P12 determined by weeks PO2 and PO3. |
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*All weeks run from Friday to Friday
*School holidays based on the Gauteng calendar
*Booking for flexible weeks up to 12 months in advance
*Weeks not utilised may be made available for rental |
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| Full Ownership |
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A unit can be bought outright by an individual or a company, either furnished or unfurnished. Outright buyers can purchase a completed unit or select a stand of their choice to be built upon according to one of our building plans. We also let out properties on the owners behalf (conditions apply). |
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| Prices Per Unit (VAT included) |
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| Description |
Unfurnished |
Furnished |
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| 2 Bedroom 275m² outright purchase |
R3,245,000.00 |
R3,575,000.00 |
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| 3 Bedroom 345m² outright purchase |
R3,830,000.00 |
R4,195,000.00 |
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| 4 Bedroom 390m² outright purchase |
R4,240,000.00 |
R4,640,000.00 |
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For all queries regarding:
Legalities
Site Availability
Contracts / Sales Agreements, please feel free to contact our agents through sales@hunterspride.co.za / or contact 076 231 3324 |
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