Answers to commonly asked questions
The holding company is Moquini Beach Hotel (Pty) Ltd. The development is however managed and implemented by Costa Zervas Projects. The company (Costa Zervas Projects) founded by Costa Zervas, who has over 40 years of experience in the construction industry. He has an MBA from the University of Pretoria. When working for LTA Grinaker in the early 1980’s, Costa was at the time, the youngest Director ever appointed to the board. The Costa Zervas Group’s motto is: “Inspired by the past – built for the future” and this is exactly what The Moquini Beach development achieves. The group has a reputation of delivering property developments of the highest standard and quality from planning through to completion.
Mossel Bay Municipality
The nearest convenience shops are within two kilometres of the development. There are two larger malls, within 15 minutes drive these being the “Langeberg Mall” and the “Mosselbaai Mall” both with national tenants. There are various business nodes within a ten minute drive of the development. There is a Provincial Hospital and the Life Bayview Private Hospital.
The development will have various security systems, cameras, guarding and perimeter fencing in place when the first residents move in.
The property ownership is a Sectional Title which is managed by the body corporate.
The Constitution, body corporate rules and regulations. These are available on request or for download from our website.
The building of Moquini Beach Apartments will commence in the first quarter of 2017, and it is estimated to be over six phases and should be completed in the fourth quarter of 2019.
Owners will be allowed to move into their purchased units when the beneficial occupation has been approved by local authorities.
The levy charges will be determined 6 months prior to occupancy.
The owner has independent contracts with each of the service providers and will be responsible for each directly.
R 400 million plus.
Yes, each apartment has a single or double garage and you may add your own shelving to your area.
Yes, in addition to basic body corporate services, there will be a property management services company who will manage short term and long term rental management, as well as individual property management services.
Short term rentals will be permitted via the approved property management company.
To ensure quality information and owners security is maintained, the body corporate will have an accreditation process that desired real estate companies must adhere to. This will be implemented by the Body Corporate once established.
No pets are permitted. This is to ensure a comfortable living space for all persons residing in the Moquini Beach apartments.
Subject to body corporate rules and regulations.
Yes, your visitors and their guests will have access to the facilities of the hotel. The Body Corporate will negotiate on the owners behalf with the hotel operator in this regard.
Owners are welcome to make interior changes as well as use their own contractors only after the transfer has taken place. All changes are subject to guidelines and approval of the Body Corporate and the local municipality.
Each unit will have the required infrastructure in place to allow for your home to be completely automated at your own cost. A list of preferred suppliers can be requested, and this list will be supplied to all purchasers upon request.
Air-conditioning is an optional extra.
There is access to third beach by foot or by car during Phases 1 - 4. The boardwalk to the beach will only be constructed during Phase 5.
There will be designated visitors parking bays.
Yes, use of the facilities is exclusively for the occupants of the units and owners.
Service providers will provide the services within your unit at your own accord and cost.
Subject to systems that have been put in place, residents will be able to contact front desk, and security for free. Otherwise they can be contacted at normal call rates at the residents own cost.
The body corporate will be established and the rules and regulations will be available on transfer of the first Phase.
The body corporate takes care of all maintenance of the building through its service providers. Buildings will be handed over to the body corporate by the developer after each phase is completed.
Residents are encouraged to install their own indoor drying facilities within their unit. There are no washing facilities.
No, access to residential facilities is for residents and their guests only. If the hotel has overflow guests they can be accommodated through the property management company.
Yes, it will have a NHBRC certificate
The building warranty is based according to the NHBRC and JBCC building contract.
The building is fully compliant with the local fire safety requirements.
There is one elevator per block.
The developers are in the pre-sales phase of the project. Once critical sales are achieved the development will commence. It is anticipated that this will be a relatively short period and construction is envisaged in the last quarter of 2017 with the first apartments being completed late in 2018. The advantage of purchasing first in a development is in the sense that the developer wants to get things going and once the development is up and running prices will increase on a phase by phase basis as costs rise, your unit thus appreciates at the same pace.
No - Your deposit is held in the transferring Attorneys Trust Account. It is invested and carries interest which is for your own account. Attorneys are by law required to have Fidelity Insurance.
Your deposit is required immediately to secure your purchase. The balance must be secured by means of a mortgage bond, suitable guarantee or cash stipulated in the purchasing agreement. The balance is payable on completion of the unit and transfer is made into your name.
The attorneys (conveyancer) will walk through the steps of transfer with you. They will attend to opening of a Sectional Title Register for the development. But basically it involves the following steps: Offer to Purchase signed by purchaser and seller, deposit paid, guarantees or bond issued, lodgement at the Deeds Office, transfer into your name. If you pay cash the Title Deed will be available within approximately 60 days, if there is a bond involved it will vest with the bond holder until it is paid off.