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Who is the developer?

Zeeland Pier is proudly developed by the Trilogy Group, Sam Berk and Wiehahn Property Group.

Who are the architects?

Robert Silke & Partners

Address

38 Heerengracht Street, Cape Town, 8000
Click the link to view it on Google Maps

Completion Date

4th Quarter of 2025

Parking

Zeeland Pier II has 9 parking bays, which can be purchased for R275 000 per bay on a first-come, first-served basis.

All parking is secure and has direct access to the building.

Storerooms

There are 16 storerooms available in the building, which will be available for purchase at a cost of between R70 000 and R120 000 per storeroom on a first-come, first-served basis.

Sales launch date

Sales go live at 13:00 on Wednesday, June 12 2024, at sales.zeeland-pier.co.za

Interactive price list

Ahead of the sales launch, you can view and browse all the available units by visiting the user-friendly interactive price list. Here, you can easily view the available units and use the filters and sort function to refine your search.

Each unit’s layout, costs, and expected rentals are shown. Once sales go live on Wednesday, June 12, 2024, you can reserve your preferred unit/s.

Your shortlist

Click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the shortlist.

Securing a unit

All reservations will happen online via the interactive price list.

Register before launch and log in to sales.zeeland-pier.co.za before 13:00 on launch day. At 13:00 on Wednesday, June 12 2024, sales will go live when the countdown reaches zero, and a green reserve button will appear.

You can secure your preferred unit/s by pressing the green reserve button, following the steps and paying the R5,000 non-refundable reservation deposit.

You will then receive an email from our team with the Agreement of Sale, which you should sign and return to us within 48 hours.

Please note: There is a possibility of load-shedding during the sales launch, and therefore, we urge you to make provisions for this and ensure you have access to reliable Wi-Fi at 13:00.

While we have put everything in place to prevent double bookings, sometimes this does happen. In the unlikely event that another buyer also reserved the unit you have reserved, the unit will be allocated to the buyer who paid their reservation deposit first (this is recorded by timestamp).

Should the second buyer not find a suitable replacement, the reservation deposit will be refunded. We apologise for any inconvenience this may cause.

Launch discount

Buyers who secure a unit/s on launch via the online platform will receive R75 000 off the purchase price. Terms & Conditions apply.

Unlocking your discount

To activate your discount, click the green discount button below the price on any unit and follow the prompts to complete your Buyer Profile and unlock the discount on all units. Once completed, the discounted price will show on all units on the price list.

The reservation process

All reservations will happen online via the interactive price list. The below list outlines the steps you’ll need to be familiar with to secure the unit you want to purchase.

Register and log in to sales.zeeland-pier.co.za.

Once the countdown reaches zero and sales go live at 13:00, you can click the RESERVE button on your selected unit to start the process. Be quick, as others may also be interested in the same unit.

Complete the form and accept the terms. Click CONTINUE

Your reservation will now move to a pending status, where you have 10 minutes to make payment of the R5,000 non-refundable reservation deposit. You may pay your deposit via the following methods:

  • Visa or Mastercard
  • Instant EFT via OZOW
  • Masterpass
  • Snapscan

Once the R5,000 deposit is confirmed, your unit will be reserved*. You will then receive an email from our team confirming your reservation.

Next steps:

The Agreement of Sale will be emailed to you on the same day you reserve your unit. You must sign and return it to us within 48 hours of receiving it.

The full deposit required is 10% of the purchase price within seven days of purchasing the unit.

The balance (90%) must be secured within 21 days by either a bond approval or 30 days for bank guarantee or cash.

Alternatively, should you be paying for the unit in cash, you can also opt for a non-refundable 30% deposit, in which case the balance must be within 7 (Seven) days of a request having been made by the Transferring Attorney when deemed necessary by the Transferring Attorney to issue guarantees for the release of the property from the development bond and following the drafting of transfer documents.

Does the deposit earn me interest?

The deposit is paid into the transferring attorney’s interest-bearing account, and your money will earn interest for you.

The benefits of purchasing at launch

R75,000 launch discount

Best selection of units

Bond pre-qualification and pre-approval

This can be done online using the OOBA Bond Indicator. It is a quick process to estimate the approximate amount you could qualify for; however, this is NOT a bond approval.

If my bond is not approved, do I get my deposit back?

Yes, the deal is subject to your bond being approved, and should it not be approved, the deposit will be paid back to you with interest.

If you are still determining if you can afford the bond, getting pre-qualified before the launch is a good idea, as the R5,000 reservation deposit is non-refundable.

Click here to get pre-qualified

Once my bond is approved, when do I start paying?

Bond repayments will commence once the property has been transferred to your name and the bank has settled the payment to the seller.

Bond registration costs

Bond costs are payable when the bond registers and once the development is complete. Please note that bond registration costs are charged to the purchaser’s account.

Transfer fees

There are only transfer fees payable. The seller is registered for VAT, so there will be no transfer duty, only transfer fees payable. Please note that transfer fees are charged to the purchaser’s account.

What are the transfer fees?

To calculate the transfer fees, you can click on the below link: https://www.ooba.co.za/home-loan/transfer-cost-calculator/

NB: Please select yes when it asks if the seller is registered for VAT.

Example:

On a purchase price of R1 200 000, the transfer fees will be R32 834.20*

What do the levies include?

They cover the costs of security, cleaning and landscaping of the common areas, maintenance of the building, building insurance, all running and management costs.

Rates

Monthly rates are based on the value of the property. They are calculated based on the value of the property, which is then multiplied by 0.006273 to get your yearly rates. Divide this by 12 to get your monthly rates.

Example:

  • (R1,255,000 property)
  • R1,255,000 less R450 000 exemption
  • R805 000 x 0.006273 = R5049,76 per annum
  • This equates to R421 per month
  • *Please note these figures are estimates and subject to change

Are there any hidden costs?

The contract price is the price the client will pay for the property. You must be aware that occupational interest is due from the date you take occupation until you take ownership (transfer takes place).

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable before registration of your bond once you take the transfer of your unit. Transfer costs at this point will also be applicable, but these costs are primarily offset by the interest you earn on your deposit during the construction period.

When will we be able to move in/find a tenant?

After the development is completed, the transfer process will commence. As soon as an occupation certificate is granted, you will be given occupation. You can occupy or rent out your apartment from the date of occupation.

Section 13sex Tax Incentive

Investors can access powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new residential rental units to claim up to 55% of the purchase price as a tax deduction.

Example:

  • Purchase five units at a total purchase price of R6,500,000
  • Minus the launch discount = R375 000 (R75 000 per unit, if purchased on launch)
  • Final purchase price = R6,125,000
  • Deemed purchase price = R3,368,750 (55% of final purchase price)
  • 5% of the deemed price may be used as a tax deduction per year
  • This results in a tax deduction (tax write-off) of R168 437.5 per year for 20 years.
  • Total tax write-off = R3,368,750 (over 20 years).

Taxpayer Criteria for Section 13sex Tax Incentive

  • The taxpayer must own at least five residential units. The deal kicks in once the buyer takes ownership of their fifth new unit. A residential unit refers to a building or self-contained apartment mainly used for residential accommodation, with the exclusion of structures used for business purposes, such as hotels.
  • All units must be situated in South Africa.
  • Residential units must have been purchased new and unused. (For example, buyers of previously occupied flats would not qualify for this incentive.)
  • The units must be used solely for trade (i.e. residential letting). This prevents housing claims for personal use.
  • Please consult your tax advisor for further clarification and information.

Pre-paid electricity

Each unit will have an independent electricity meter.

Water supply

Water will be paid in arrears, billed, and metered based on specific unit usage, with costs appearing on the monthly levies statement. To make the building more efficient and minimise expenses, a central heat pump will be installed instead of geysers.

Short-term rentals policy

TotalStay has provided short-term rental projections based on existing rentals achieved in similar apartment blocks.

Our preferred short-term rental management company, TotalStay, offers the essential services you’d expect from a hotel and the freedom, space, and individuality of a home.

Security features

The building offers state-of-the-art security with 24-hour security presence, strict access controls, biometric facial recognition access, and CCTV surveillance.

Short-term rental access control.

Concierge services

Zeeland Pier has a luxury foyer with a lounge area and a concierge. This area will also function as a co-working space with high-speed internet.

Air-conditioning

The standard apartments do not have air conditioning, but it is included in the purchase of the penthouse apartments.

High-speed Wi-Fi

High-speed fibre connectivity ensures residents have superfast internet in their apartments; this will be for the owner/resident account. The owner/resident must contact the service provider to obtain the ISP.

Online shopping delivery points

Concierge care will receive residents’ deliveries.

Pet Policy

No pets are permitted.

Phased development

Zeeland Pier II is the second and final phase of the development.

Our team is available to assist with any queries you may have.
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Development Experts
Cape Winelands Properties
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