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Mozambique > Inhambane > Chumbo

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MT 767,700

(USD 12,000)

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Villa 3 bedrooms
For Sale
Chumbo
Mozambique

Own a share in a Modern brand new Mozambique Beach Villa opposite Benguerra Island

Own a beachfront villa meters from pristine white beach, Vilankulo Mozambique with no hassle.
3-4 Months until completion
Frequently asked questions
What is the size of the property for each unit? Each unit is built on a 2500sqm stand. The typical 3 bedroom Villas have an interior area of 210sqm, plus 20sqm covered exterior deck area, and 60sqm timber walkways/decks leading to private salt chlorinated swimming pool.
What arrangements are in place for ski boats? There is a launching area between units 50 & 51
What appliances will be available as standard fittings? (The following items with options will be included in the offer to purchase summary) Microwave,Gas stove & oven,Hot water kettle,Dining room table & chairs,Living room suite, Cutlery & crockery to suit number of beds per unit, Cooking utensils ,Bed side lamps & tables, Beds, linen & curtains, Deck furniture including soft accessories, Pool maintenance equipment, Household cleaning equipment.....All the above will be discussed in more detail during the course of the project.
Will pets be allowed? Yes
ABOUT OWNERSHIP
How does land ownership in Mozambique work? Mozambique, unlike South Africa, has a different method of ownership of property. The developer holds the cession of lease on the land and once construction of the home is completed, the cession of the lease is transferred into the name of the new owner(s). Ownership of right of use, in accordance with Mozambican land law, will be given upon completion of each residence, by way of a renewable concession title which is transferable.
What is a fractional ownership? Fractional ownership is the concept of dividing an expensive asset into percentage shares & selling those shares to individual owners. Each owner then gets a relative percentage use of the asset.
How does fractional ownership work? No more than 10 fractional shares per villa. Each share allows the purchaser access to 5 weeks a year usage- four weeks are predetermined and one flexible week on a first come first serve basis (for more info view the Fractional Ownership manual).
Isn`t Fractional ownership just another name for time share? No, In time share the owner has rights over the units of `time` whereas in fractional ownership the owner has rights over his part of the title. This means that if the property appreciates over time, so do the shares and the shareholders value thus increases. Fractional owners can also sell their share whenever they see fit, this is not possible in timeshare.
What do buyers have to do to secure a unit? Sign the `reservation of property` (valid for 30 days) and pay a 10% refundable deposit within 5 days. The `offer to purchase` must be signed and the balance needs to be lodged within 30 days of signing the offer to purchase.
Can units be bought as an investment and then rented out? Yes, but only in accordance with rules as determined by the `rent-back scheme`
Who will own what? The purchaser/s will own a fully exclusive right of use of the 2500msq land and improvements as set forth in the `offer to purchase` upon completion of the improvements and transfer.
The common property i.e roads, water pumping-, storage-, distribution system, shall remain under the control and managed by the Home Owners Association. The HOA will have the power to enter into an agreement for rental of exclusive right of use for boat storage facilities with home owners.
What is the anticipated monthly levy and what will it cover? The levy is R2500 per 3 bedroom private villa, includes water, gardener & cleaning lady.
Who is responsible for maintenance of the interior and exterior of unit? The owner/s of each individual unit will be responsible for interior & exterior maintenance.

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