Who owns Silvermine Village?
The land on which the Village is situated, together with all its buildings, is owned by the ARP & P Noordhoek Development Trust and leased to a shareblock holding company on a 99-year lease, with an option to renew.
What is a Shareblock scheme?
In essence, Silvermine Village is ‘owned’ by its residents on a Shareblock basis and the separate and exclusive rights of use and occupation of individual cottages is linked to blocks of shares in Silvermine Village Share Block Holding Limited. A purchaser acquiring a block of ten shares gains title to the exclusive use and occupation of a specific cottage and garage, but not to their ownership because the property is never sold by the Trust. This means no transfer duty is payable and there are no outside shareholders.
What happens when a cottage is finally vacated?
On the death of a resident, or upon leaving the village after three month’s notice, the cottage rights (i.e. shares) are resold to someone on the waiting list. The resident or his/her estate receives a refund of the interest-free loan, plus the cost of any approved improvements made, less the costs of repairing damage to the cottage unit or garage.
What happens to any surplus generated from the re-sale of cottage rights?
The net proceeds after refunding the interest-free loan are used to offset the running costs and to fund improvements made to the village’s infrastructure and facilities. These costs would otherwise be paid out of the levies collected monthly from residents. One of the main objectives of Silvermine is to maintain its levies at affordable levels through subsidising them where feasible.
Who manages Silvermine Village?
A board of six non-executive residents elected annually in general meeting through an executive Managing Director who is responsible for day-to-day operations.
What is meant by a priority waiting list?
For those keen to ensure a place in Silvermine Village, a priority waiting list has been established. Currently, a non-refundable fee of R1,000 is required from applicants who are then allotted a position on the waiting list. When a cottage becomes available a letter will be posted advising details as to price, location etc. Those interested will be considered strictly according to their order of their priority on the waiting list. Those who do not reply, or who are not interested in a particular cottage, do not lose their ranking on the waiting list. Should the offer of a cottage be accepted, a discount equal to the R1,000 paid to enrol on the waiting list will be deducted from the price to be paid for the cottage. Applicants may not be older than 80 at date of application.
What would happen if I wish to withdraw my name from the waiting list, or for any reason fail to obtain a cottage?
The current fee of R1,000 will only be refunded under the following conditions:
1) A cottage is offered, but the party concerned is in no financial position to accept.
2) When a cottage is offered but the health of the applicant and/or nominated occupant has deteriorated to the point where right of admission will not be granted. The village reserves the right to call for a medical certificate or examination by an independent medical practitioner in such instances.
How many cottages and garages are there?
214 cottages and 220 garages. Each cottage is allocated a garage for a single vehicle. No caravans, motor homes or commercial vehicles may be garaged in the complex.
- Azalea: 47m² Bed-sitter
- Begonia: 69m² 1 bedroom, 1 bathroom
- Camellia: 75m² 2 bedrooms, 1 bathroom
- Erica: 77m² 2 bedrooms, 2 bathrooms
- Dahlia: 110m² 2 bedrooms, 2 bathrooms
- Protea: 113m² 2 bedrooms, 2 bathrooms
(Click here to see floor plans)
What are the current prices of cottages?
These are determined by the Trust and prices are reviewed regularly. Currently (January 2011) prices vary from R1,040,000 (Azalea) to R2,450,000 (Protea). The Trust takes into consideration position and/or close proximity to amenities when determining prices.
What is meant by unique combination of rights?
As a holder of a Shareblock not only would a shareholder be entitled to the use and occupation of the cottages but, contractually, also has the enjoyment of the gardens, common areas and communal buildings, plus a vote at general meetings.
Are there healthcare facilities?
There is a 56-bed Health Care Centre (HCC) staffed by registered nurses on a 24-hour basis. Permanent admission to HCC is at the sole and absolute discretion of the Trust and is not an unqualified right. Application must be made to the Trust, be recommended by a medical practitioner and endorsed by the Nursing Manager. The facility provides security and peace of mind to residents who become frail and/or unable to care for themselves safely in their cottages, or who require constant nursing. HCC is neither a hospital nor a “step down” medical facility. As such it is not registered with medical aid schemes and residential charges, which are reviewed annually, are not refunded in most instances.
Subject to space availability and the capability of providing the necessary medical care, residents may also use the facility for short-term post-operative recuperation.
What facilities are available?
The main Village Centre comprises lounges, a dining room and central kitchen providing meals at very reasonable prices for residents, functions room, library, bar, billiard room, hairdressing salon and administration offices. There is also a laundry and a coin-operated launderette.
Is there a courtesy bus?
For the convenience of residents, particularly those who no longer drive motor vehicles, a courtesy bus runs a regular route to central Fish Hoek (10km) and the nearby Longbeach Mall shopping complex in Sun Valley (4km). The latter has good medical, dental and allied services as well as garages adjacent to it. This service and timetable is reviewed on a regular basis and charges, currently, are covered by the monthly levy. An indemnity form must be completed before boarding the vehicle for the first time.
What items are included in monthly levies?
- Water, sewerage and household waste removal.
- Electricity consumed in communal buildings and by street lighting.
- 24-hour monitoring service with back up from Health Care Centre.
- Servicing of cottages (i.e. cottage cleaning – but not internal maintenance and/or minor repairs for which nominal charges are made).
- Laundry of bed linen, including towels up to 18 kilograms per month.
- 8 obligatory meals per month for one-bedroom cottages and 16 obligatory meals per month for two-bedroom cottages.
- Courtesy bus service (currently no charge)
- 24-hour security guards at the village entrance, plus foot patrols and reinforced by electric boundary fencing and CCTV cameras.
- General maintenance of grounds, but not of individual cottage gardens for which a separate charge is levied.
- Insurance of buildings only. Residents must cover contents of their cottage, personal effects and motor vehicles.
- Maintenance of cottage exteriors and communal buildings.
If necessary, special levies may be charged from time to time, for example to fund any other item which may not have been budgeted.
Are levies and other charges reviewed on a regular basis?
Prior to the commencement of each financial year (July) the Board of Trustees reviews all current prices and existing policies and presents a budget to residents.
Are pets allowed?
Small neutered pets are permitted, but there are certain restrictions per cottage and there is a pet-free zone around the main centre and its immediately adjacent buildings. If you have more than one domestic pet prior to coming to live in Silvermine, you may bring two pets with you. However, if one dies it may not be replaced. If you have no domestic pets prior to coming reside you may subsequently acquire one. Dogs must be walked on a lead at all times and cats contained indoors at night.
Are the cottages serviced?
Cleaning staff move through the complex servicing cottage units on a roster system, but residents must provide their own vacuum cleaner and cleaning materials. Household refuse is cleared once per week and newsprint, cardboard, glass and metal cans are recycled.
Gardening services may be booked through the Estate Manager and are charged for at an hourly rate.
A small maintenance team is available to perform minor internal cottage maintenance and repairs at a nominal hourly rate, plus the cost of materials used.