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Elm Park Village |
Residents are totally independent and able to look after themselves. Professional nurses run clinics and monitor healthcare.
Cottages and flats consist of one, two or three bedrooms, a lounge-cum-dining room, kitchen, bathroom, patio or balcony. Most cottages have a back courtyard. Garages and carports are available for most cottages and flats. Bachelor flats consist of a bed sitter, lounge-cum-bedroom, kitchen, bathroom and either a patio or balcony.
Sizes:
Bachelor flats: 23sqm
1 bedroom cottages and flats: 30sqm to 80sqm
2 bedroom cottages: 63sqm to 125sqm
3 bedroom cottages: 113sqm to 190sqm
Purchase or Rent:
No units are rented out. Cottages and flats are purchased on a Tenancy Right basis. A resident's right to remain in that accommodation depends on health and ability. When a resident's health declines and they can no longer cope with daily chores such as cooking, shopping, laundry and so forth, they are offered a mid care unit, where help is provided.
What is a Tenancy Right:
A Tenancy Right is an upfront cash payment for the right to occupy a unit (a cottage or flat). A deposit is payable upon signing an agreement and the balance is due one week before occupation.
When a resident moves out of his/her Tenancy Right unit, the unit is refurbished at the resident's cost and resold. A percentage of the new market related price is refunded to the resident or to their estate.
The value of the unit is market related and generally goes up in price each year. Repayment of Tenancy Rights to the resident is based on a sliding scale:
95% refund in first 6 months
90% refund in 7-12 months
85% refund in 13-24 months
80% refund in 25-36 months
70% refund 37-48 months
60% refund in 49-60 months
50% refund 61 months onwards.
The key to a successful retirement is to COME YOUNG - STAY LONG!
Accommodation:
ELM PARK VILLAGE, Northcliff
ERICA GARDENS, Kensington
MAXHAVEN VILLAGE, Cresta
ORCHID PLACE, Lower Houghton
PROTEA VILLAGE, Kensington
SILVERSTREAM SENIOR PARK & CHALETS, Malanshof
WITPOORTJIE SENIOR PARK, Witpoortjie
ZONNEVELD, Witpoortjie
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