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Published byBerniece Bruce Modified over 9 years ago
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Overview Develop a Retirement Village of 180+ units Life Rights Basis – Sunset Bay Trading Hermanus the owners of the Property
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Overview What is Life Rights? The Right to use until death Pay a Capital Sum for this Rights upfront Proceeds to Development Company User-occupation for the remainder of his/her life
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At Death or Vacating… The Developer Sells the Rights to a New User 50% of the Proceeds are retained in the Company after Expenses 50% of the Proceeds are Paid out to the Estate – after Expenses
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Effective date of Transferring of Shares Phase One ~ SOLD
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Cash Flow Projections Examples Over 18 years
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Multi Projects Investments Provides: Design Layout Costing Plans Approvals from local government Marketing and Sales Construction Management Services during and after completion Legal Services assistance Sunset Bay Current Owner Responsibilities Provide the Land Unencumbered 1. 2.
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Effective date of Transferring of Shares Phase One ~ SOLD Medical Services to be Provided by Existing Facilities in Hermanus
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Directors Thys Van Rooyen Niel Mynhardt
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Questions? Multi Projects Investments (Pty) Ltd Multi Projects House Fairways Office Park Somerset West, 7130 Tel: +27 (0)21 850 9620 Email: charlesn@multiprojects.com
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