An Exclusive Klein Karoo Hillside Retreat

The Erf is Fully Serviced (Water, Electricity, Sewage). Services are already installed within the front boundary line.    

The Setting

This site is situated in a prime location in the resort and offers an incomparable front-row seat to nature’s finest, offering uninterrupted Triple-Aspect Views (panoramas of the Stompdrift Dam, the Swartberg and Kamanassie mountain ranges, and the rolling valley below). N.B. The lowest point of the Erf is situated 30 meters above the high water mark of the dam with absolutely no chance of flooding!

Build Your Dream Abode

The build policy of the resort is uncomplicated and accommodating, and allows ample freedom in design, structure and materials to be used in the build process. The approval process for building plans by the resort committee are collaborative, productive and cost free.

Build your dream home on this lovely stand with ample natural vegetation including a number of beautiful and scarce ‘Klapperbome’.

The Location: Stompies Resort
Situated in a secure, gated estate of fifty erven/houses, you are adjacent to the Stompdrift Dam and opposite the Kamanassie Blue Nature Reserve. Enjoy immediate access for/to boating, skiing, fishing, hiking, biking, horse riding, bird watching, star gazing and more. While you’ll live where the Fish Eagles call, you are never isolated:

• 7 minutes to the charming town of De Rust (basic amenities), and the famous Meiringspoort.
• 35 minutes to the regional town of Oudtshoorn (shopping, hospitals and schools).
• 80 minutes to George (City amenities, malls, and Airport).

Upscaled Conveniences
This property offers “off-grid” peace of mind with city-life comforts:

• Connectivity: Strong cell phone reception due to the Erf’s high elevation in the estate.
• Utilities: The Resort has direct Eskom power distributed to individual erven/homes, own water reticulation and sewage systems and refuse removal service.

 Investment Details

• Nature of Sale: This is a CASH ONLY No mortgage bond applicable.
• Leasehold Structure: The land is sold on a leasehold basis (Department of Water and Sanitation (DWS) is the owner). The buyer enters a new 9-year, 11-month renewable lease with the Stompdrift Kamanassie Water Users Association (SKWUA) the Lessor (custodian on behalf of the DWS for the past number of decades).
• Savings: No Transfer Duty is payable (only a lease transfer fee of R15,000 is payable by the buyer to SKWUA). No municipal service installation costs and connection fees & deposits payable and no potential installation delays for months on end. No rates and taxes payable, only a monthly rent/levy of R2,331 currently. The same amount is applicable whether the erf is built on or remains vacant.

Experience the ultimate countryside escape, whether you build a weekend escape cottage, retirement retreat, or permanent abode. Your slice of the sublime awaits!

Understanding Your Investment at Stompies Resort

1. What does “Leasehold Basis” mean?
   Unlike traditional “Freehold” property where you own the land, the land here is owned by the Department of Water and Sanitation. You are buying the exclusive right to occupy the land.
2. How long is the lease?
   The lease is signed with the Stompdrift Kamanassie Water Users Association (SKWUA). It is a long-term, secure agreement for 9 years and 11 months, which is legally renewableevery consecutive 10-year period. This structure has been successfully in place for some time across all erven in the resort.
3. Why is it a “Cash-Only” sale?
   Because the land is leasehold and not freehold, traditional South African banks cannot register a mortgage bond against it. Therefore, buyers must have the full purchase price available in cash or via an unlinked credit facility.
4. Are there any hidden costs?

• No Transfer Duty: Because you are not transferring land title at the Deeds Office, you save significantly on tax.
• Lease Transfer Fee: A one-off fee of R15,000 is payable by the Buyer to SKWUA to conclude and administer the new lease.

5. Can I sell the property later?
   Yes. You can sell your erf/home and the rights to the lease at any time, just as the current owner is doing now. It is a marketable assetin a highly sought-after, secure resort.

P.S. The Seller (a retired property agency principal) is marketing his own property.