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SPEKBOOM RIVER ESTATE
Common Questions and Answers pertaining to the Development

Q. How big are the residential stands?
A. The stand sizes vary from approximately 450 to 10 000 square meters

Q. What is the cost per stand?
A. Refer to the price list – contact Bev du Plessis on 012 665 5308 or 084 403 2480
Q. Is the stand linked to a building package?
A. From date of transfer the purchaser has 2 years to finalise the design with the Estate Architect.

Q. Time frame for implementation?
A. All stands will be serviced within 4• years, with the first stands completed by April 2009.

Q. Who are the Conveyancers for the properties?
A. Snyman de Jager, P O Box 8365, Centurion 0048. Tel 27 12 663 1680

Q. Who services the stands? (Roads, water and sewage reticulation)
A. Lonerock – Contact Mr Jan van der Walt 27 11 659 0520

Q. Who builds the houses?
A. The purchaser will have a choice of approved builders, alternatively have builder approved by Estate Architect.

Q. Time frame to build?
A. Within 2 years from transfer of property to owner

Q. What is the approximate price of building package?
A. The nits will be priced individually by the panel of approved builders, indicatively the present average price is at R5 330.00/m2 (incl VAT and costs)

Q. Are there Architectural guidelines applicable?
A. Yes! Refer to the “Spekboom Residents’ Association – Building and Architectural Guidelines” available on the web or CD – www.cranbrook.co.za

Q. What is the Mechanism to design and to build?
A. Contact the architect – Mr André Mellet (Mellet & Human Architects) at +27 12 460 9011

Q. Can we use our own builder, architect and what is the penalty?
A. Yes, refer to overleaf

Q. Are Levies payable and how much?
A. Yes, levies will be payable iro insurance, security and maintenance of the suburb being 14 cents per square meter of the erf size. This rate as determined by the Residents’ Association from time to time.

Q. Do you have to join the Residents’ Association?
A. Yes, all owners will be bound to the residents’ association in their respective title deeds

Q. At what stage does the Developer hand over to the Residents’ Association?
A. As soon as the property initial top structure/residence is complete and approved for occupancy

CONSTRUCTION AND RESIDENTIAL BUILDING CONTRACT INFORMATION

The Spekboom River Estate features almost 1 944 residential stands within a defined architectural theme with aesthetics and construction rules. These rules will be applied by the developer initially, and thereafter handed over to the section 21 company, namely the Spekboom Residents Association. These rules are set out more fully in the document ‘SPEKBOOM RESIDENTS’ ASSOCIATION — BUILDING AND ARCHITECTURAL GUIDELINES’ included on the marketing CD and also available on the development website – http://www.cranbrook.co.za

The selling price of all residential stands will include a selection of standard concept designs and drawings by the development architect. Buyers/owners can select one of several standard architectural concepts and customize these to suit their taste and needs. Buyers/owners may also make use of their own architect or designer provided that these designs are submitted and approved by the development architect appointed by the developer and Residents Association. Should buyers/owners elect to make use of their own architects/designers, then an aesthetics fee of R100.00 per m2 (one hundred rand per square metre covered excluding VAT) will be payable to the aesthetics committee for the design review and architectural approval.

Similarly, only approved building contractors will be permitted to construct units within the Spekboom River Estate development. Buyers/owners will have the choice to negotiate contracts and appoint contractors from a panel of at least three approved contractors for the development. Should buyers/owners elect to make use of their own builders or owner build, then a development architectural engineering fee will be applicable, and paid to the developer before construction commences. This fee will be levied at R180.00 /m2 (one hundred and eighty rand only per square metre excluding VAT) calculated on the total area covered by the proposed structure, and paid in advance prior to approval of the building plans by the development aesthetics committee. This fee will cover the following:
  • Architectural supervision of construction
  • Engineering supervision and approvals
  • NHBRC inspection costs
  • Municipal inspections


The expected timing of the different phases is shown below:

Description

Construction of Infrastructure

Expected Transfer

Commencement

Completion

From

Phase 1

August 2008

March 2009

April 2009

Phase 2

April 2009

November 2009

November 2009

Phase 3

January 2010

May 2010

June 2010

Phase 4

June 2010

September 2010

October 2010

Phase 5

October 2010

May 2011

April 2011

Phase 6

June 2011

July 2012

July 2012

Phase 7

February 2012

April 2012

May 2012