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CONDERE SECTIONAL TITLE APARTMENTS 

PROMO LETTER 

Hunting for a bargain? 

 

Tougher economic conditions and stricter NCA lending policies have all affected the ability of South Africans to acquire homes. It was with this in mind that the developers of  Nebula Mega Prop (Pty) Ltd in Mthatha have launched a brand new development Condere Estates with apartments selling from as little as R380 000, putting them amongst the most affordable in the Eastern Cape Province.    

Not only is Condere Estates one of the most affordable new apartment blocks in Mthatha, but it's also situated in close proximity to the bustling Mthatha CBD.  

Mthatha is land locked and there is currently no further municipal land for development. Whatever vacant land there was is part of the Zimbane and Kwa Lindile community land claims. Mthatha have recently been allocated a venue for a Fifa 2010 World Cup stadium by the Zimbane Land Claimants. Condere Estates sectional title apartments rates amongst one of the most affordable and desirable for homeowners and investors in the Eastern Cape Province.  

These apartment blocks are less than five minutes from everywhere in Mthatha. It is very close to the major transport routes of the R61 and the N2. It is 250 metres away from the Circus Triangle Shopping Centre and taxi rank, and 700 metres from Mthatha Plaza. 

For people working in town, this is conveniently situated in close proximity to the Mthatha CBD at the centre of it all. 

The size and location make the apartments ideally suited to students, young families or investors looking to buy-to-rent. The area is very much up and coming with many new commercial as well as residential developments on the cards for greater Mthatha after settlement of the land claims.  

Rentals of over R4500 per month  

For investors there is a great deal of opportunity in the Mthatha area in that under the current property market, not many people in the lower LSM groups can afford to buy, making small apartments the ideal investment to cater to these people. There is a large block of 110 flats down the road that are all constantly occupied by tenants. Because of the proximity to town, the average rentals for similar apartments in Mthatha range between R2700 to just over R4500 per month. 

The development is ideally suited for Condere Estates sectional title apartments to take advantage of some of the best views in the Mthatha CBD. The top floors all have private balcony views and the ground floor apartments have 18m² landscaped gardens. There are separate staircases leading to the 2 upstairs units of each block making for more privacy and access to the grassed lawns and tarred parking area. 

Nebula Mega Prop (Pty) Ltd as the developers, have arranged financing options that make the apartments more affordable for first time buyers. To provide our clients with a one stop shopping experience we have secured the services of an estate agent to market and sell the apartments at a reduced agent’s fee. 

If a buyer meets certain conditions and has R10 000 cash deposit then our appointed estate agents Megawealth Investments (Pty) Ltd will be able to provide terms for the balance of the 10% deposit to be paid in instalments.  

For first-time buyers who only qualify for a 90 percent bond, we the Developers and our appointed Estate Agents have agreed to allow them time to pay off the balance over 4 months after which will then secure a mortgage bond for them. 

Megawealth Investments (Pty) Ltd is in the process of acquiring South Africa’s biggest estate agency franchise; RE/MAX Maluti will be opening in Mthatha soon and you our VIP clients will be invited to a spectacular public launch ! ! ! 

No additional or hidden costs — the price you see is the price you pay  

The price of the apartments is also the price that you pay.  

Ø  No price escalations for units bought before 1st March 2010 

There are no additional, hidden costs. 

Ø  No Transfer costs  

Ø  No transfer duty * 

Ø  No Bond originator fees 

Ø  14 % Vat included 

Ø  Estate agency fee of 3 % included  

Ø  No monthly Levies except water and electricity until 1st March 2011. 

* Terms and conditions apply 

There are three types of units available.  

(1)  The Bachelor apartments are all on the ground floor, measures 47m² with 1 Bedroom, 1 Bathroom, an open-plan kitchen-lounge area, 2 parking bays and has an 18m² grassed garden. 

  

(2)  The Family apartments on the Ground floor measures 58m², with 2 Bedrooms, 1 Bathroom, an open-plan kitchen-lounge area and has an 18m² grassed garden.  

The Family apartments on the 1st floor measures 58m², with 2 bedrooms, 1 Bathroom an open-plan kitchen-lounge area and has 6m² private balconies each with a shared staircase. 

 

(3)  The Family De-Luxe apartments on the Ground floor measures 68m². Each unit has 2 bedrooms, en-suite bathroom an open-plan kitchen-lounge area and has an 18m² grassed garden. 

The Family De-Luxe apartments on the 1st floor measures 68m². Each unit has 2 bedrooms, en-suite bathroom an open-plan kitchen-lounge area and has 6m² private balconies each with a shared staircase. 

Condere Estates Provides YOU the Buyer  

Ø  A crèche for the kids within a secure complex, serviced by; 

Ø  An emergency standby 3 phase Electric Generator;  

Ø  Protected by a high perimeter wall with electric fencing;  

Ø  An automated security gate;  

Ø  Access is controlled by 24 hour security guards;  

Ø  CCTV cameras linked to the apartments with;  

Ø  24 / 7 Armed Response  

v  Ample landscaped gardens with a Jungle Gym;  

v  Splash pool  water feature 

v  Playgrounds for the kids and adults alike.  

v  A secure complex and protected environment.  

v  4 Families sharing 1 Block  

v  2 Families sharing 1 Staircase   

 

All Units Has The Following as Standard  

ü  Aluminium sliding door leading to Private garden / Balcony 

ü  Tiled kitchen, fitted with an oven and hob and plumbing for a dishwasher or washing machine.  

ü  Bedrooms are carpeted  

ü  Built-in cupboards nearly floor-to-ceiling, allowing for far more storage space than usual.  

ü  All taps are Cobra or of a similar quality.  

ü  Each unit has a separate water meter, and;  

ü  Own pre – paid electrical box, allowing owners to buy and control their electricity consumption.  

Optional: additional windows, allowing for more light, and an airy feel plus Timbawood Flooring just to add the bells and whistles ! ! ! ! ! 

The price for an apartment in Condere Estates ranges from: 

v  R380 000 excl VAT for a 47m² Bachelor unit; ground floor only, with an exclusive use garden 

v  R395 000 excl VAT for a 58m2 Family unit upstairs with a balcony or downstairs with an exclusive use garden, and;  

v  R435 000 excl VAT for a 68 m2 Family De-Luxe unit upstairs with a balcony or downstairs with an exclusive use garden. 

v  All prices includes the Estate Agents Commission. 

The units are beautifully designed, well priced with brilliant specifications and well suited for first-time buyers and investors alike. 

The first Condere Estates sectional title apartments are due for occupation in July / August 2010, and will be completed over an 8 – 12 months phased development. 

There are 104 units in total and of that 20 has already been “sold” prior to public launch and Nebula Mega Prop (Pty) Ltd as the developers are very confident that all will be sold in record time! 

For investors and cash buyers various other unique finance options are available from us.  

Many Thanks 

Saleem van Staaden 

Director: Nebula Mega Prop (Pty) Ltd  

 

CONTACT:Maluti Sales Team: 

Clifton Everett Saleem van Staaden 

Director: Nebula Mega Prop (Pty) Ltd 

Director: Megawealth Investments (Pty) Ltd t/a Maluti Estate Agents 

Cell: 083 726 7333 

Cell: 083 660 6510 

E-mail: saleem@megaprop.com  

 

Hazel Myburgh 

Managing Director: Megawealth Investments (Pty) Ltd t/a Maluti Estate Agents 

Cell: 082 794 3752 

E-mail: hazel@megaprop.com  

 

Ayesha van Staaden  

Sales Agent: Megawealth Investments (Pty) Ltd t/a Maluti Estate Agents 

Cell: 082 519 5384 

E-mail: ayesha@megaprop.com  

 

Physical Address: 

21 Don Thompson Drive 

Fort Gale 

Mthatha 

5099 

 

Postal Address: 

P.O 704 

Mthatha 

5100 

 

Banking Details: 

Account Name: Megawealth Investments (Pty) Ltd  

Account Number: 081 33 86 19 (Trust Account

Account Type: Cheque 

Bank: Standard Bank 

Branch Code: 052621 

Reference: Your S.A. bar coded I.D. No, or Company Registration No. or Foreign Passport No.  

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