WHERE ELEGANCE EMBRACES NATURE

Zutari advisory and consulting engineers, have been appointed for La Luc Estate. The group have been involved in many successful developments and large scale projects, a few established developments where Zatari consulted on are Century City and Val de Vie Life Style Estate Paarl, as well as Pearl Valley Golf Estate and Spa.

Link to their website – https://www.zutari.com/ 

Werksmans is a pre-eminent corporate and commercial law firm in South Africa, a status they strive to maintain each and every day.

They deliver a unique client experience, going far beyond the application of law by partnering with each client and delivering highly specialised attention, focused solutions and the best possible outcome. This disciplined approach has resulted in Werksmans being regarded as one of the most innovative firms in Africa, and beyond.

https://www.werksmans.com/

La Luc is located at 64 Dirkie Uys Street, Franschhoek, 7690

• Walking trails and dam with picnic site inside of La Luc Estate
• 1.3 km or 4 minutes away from the Franschhoek Wine Tram
• 1.4 km or 4 minute drive to Franschhoek Gym & Health Club
• 1.4 km or 4 minute drive to your nearest vet and pet store
• 1.5 km or 5 minutes drive to The Franschhoek Market
• 1.7 km or 6 minute drive to your nearest Clicks Pharmacy
• 1.7 km or 5 minute drive from The Franschhoek Health Care Centre & Clinic
• 1.8 km or 5 minute drive to Woolworths and nearby shopping center
• 2 km or 8 minute drive away from multiple fine art galleries
• 3.1 km or 9 minutes drive to La Petite Columbe Fine Dining restaurant
• 5.8 km or 8 minute drive from La Motte Vineyard and Wine Farm
• 28.4 km or 29 minute drive from Paarl
• 30.8km or 32 minute drive away from Stellenbosch
• 73 km or 55 minute drive away from Cape Town International Airport
• 74 km or 58 minutes away from Cape Town International Convention Centre
• 74.5 km or 1 hour drive to the V&A Waterfront
• 81.4km or 1 hour and 13 minutes drive to Clifton 1st Beach

La Luc Estate is pet friendly, with walking trails for your pets scattered around the estate. Owners can house 2 dogs & 2 cats per property. You can apply for allowance of additional pets should you need to.

TBC

La Luc Estate will offer 24/7 security. The common areas on the estate will be powered with back up power to supply electricity up to load shedding stage 8. The estate will feature thermal cameras around the perimeter, facial recognition and access control, as well as ClearVu as a few measures to ensure the safety of all owners and residents.

All buyers will have a further 3 months after taking occupation to notify the developer of any snags and get them rectified thereafter. Purchasers will also be given a pack of warranties and guarantees for all appliances and structural items within the unit.

Solar geysers come standard in every home. There is the optional extra for buyers to add solar that would allow the house to be unaffected by load shedding.

There is a minimum 10%  deposit on the stand/plot required for all buyers. The deposit is paid into the attorney’s interest bearing trust account, at a rate of 7.6%. Buyers can opt to finance 100% the value of the property should they qualify, the 10% deposit and interest accrued will be refunded back to the buyer when the property transfers.

BetterBond – Since it was founded in 2000, BetterBond has grown to become the largest bond originator in South Africa, with specialist experience in the property industry and more than 20 branches nationwide supporting our real estate partners and customers. We take special pride in assisting first-time buyers to realize their dreams of homeownership, by offering expert assistance and support at every step of the home loan application process More than a million South Africans have become homeowners thanks to our services and our approval rates are industry leading.

https://www.betterbond.co.za/

1. The plot transfers first, and the building / contract amount is held back on retention

2. The retention amount is paid out as work progresses (the amount is determined by the bank based on work done on the project)

3. As the plot transfers first, the buyer will have a bond instalment on this amount

4. Interim interest will also be charged once progress draws are made

5. The client has to service the interim interest to ensure that it does not feed into the contract amount.  If this happens, there will be insufficient funds for final payment

6. The full bond instalment is only due once the project has been completed and the final draw is made

The plot and plan are being sold simultaneously; the two agreements being interdependent of each other, there is one 60 page Offer To Purchase. And as such the financing is being arranged for both of them together as one amount. Our admin and finance team are available to assist you throughout this process.

We have been 100% pre-qualified by four major banks (Nedbank, Std Bank, ABSA & FNB). We also have approval from Nedbank Private Wealth, RMB & Investec.

There is no transfer duty on purchases within the La Luc development. Purchasers will be saving anywhere between R350k – R450k on transfer duty as they are buying off-plan.

Yes, there is nothing stopping a foreign investor from buying a property in South Africa. As long as you have the necessary FICA requirements & documents you are able to buy as a non-resident. South African banks are even able to finance the purchase up to 50% the value of the property for foreign buyers. Any foreign buyer would be required to pay a 30%-50% deposit depending on the structure of the agreement and purchase.

Any natural person or legal entity can purchase a unit/s within the development, however the estate rules and regulations require that at least 1 occupant of the home is over the age of 50.

You can start the process of selling your unit in La Luc as soon as it transfers into your name. It is highly likely that you would be able to sell your unit for a profit due to the competitive pricing of the La Luc units and high demand and scarce supply of homes in Franschhoek.

La Luc Estate is 100% going ahead. We have all of the necessary approvals and official/authorised documents in place.

Multiple flood mitigation measures have been put in place. The engineers Aurecon/Zutari have worked on massive projects such as Century City & Val de Vie – they are regarded as a top engineering firm and have done the calculations on Lion’s Rest.

Rapid Compact Compaction & Floating foundations are a couple of the measures taken to ensure the reliability and dependability of the foundation and builds on the plots.