Prime real estate adjoining unfenced sections of the Kruger Park is virtually unobtainable. If and when such land becomes available it costs a fortune and is snapped up by Developers and/or the Super Wealthy. When it adjoins and overlooks a major perennial river such as the Crocodile River, the value of the real estate is increased even further because riparian habitats offer superior wildlife viewing experiences. Such is the setting of Ngwenya Lodge.
Ngwenya Ownership Options
Ngwenya Lodge has been under development for ten years and now offers timeshare ownership, syndicated ownership and whole ownership options.
For the first time ever Ngwenya Lodge is offering three ownership options. These are:
Selected weeks in preferred seasons (timeshare).
With the completion of phase ten in 2006, Ngwenya 3 Share Block is now fully developed. The share block company is unbonded, very well managed and in a healthy financial position. This has been the traditional form of ownership offered at Ngwenya Lodge. With this option you can select the chalet size (studio unit, 1 bedroom , 2 bedroom or 3 bedroom) and weeks in the seasons of your choice for visiting the Kruger National Park. Specific price is determined by chalet size, chalet position (riverfront, dam facing, park view), week in the year and phase of development. This form of ownership offers a lower investment entry level than the syndicated and whole ownership options described below. Phase ten, the last phase of development in Ngwenya 3 Share Block has been completed to the exacting standards of the Tourism Grading Council of South Africa.
The riverfront units offer outstanding views of the Kruger National Park which are unique in that they overlook a stunning floodplain adjoining the Crocodile River.
NEW! Hippo Bend (Ngwenya 4 Share Block) Timeshare and Fractional Ownership Lodges
A new phase of 2 and 3 bedroom riverside timeshare units has recently (2008) been completed. Demand for these 4 star TGCSA graded units with their spectacular close-up river views has been exceptional.
The new fractional ownership lodges at Hippo Bend have proven to be very popular with larger families and groups of friends who holiday together. This ownership option allows one to join a syndicate comprised of 13 slots of 4 weeks each. Each of the 4 weeks falls into a different season of the year and moves according to a predetermined calendar. Some syndicate members may choose to own one slot while others may opt for multiple slots to suit their own needs. This provides an option within which one can experience all of the Kruger's fabulous seasons. This option is only available in spacious lodges with 4 bedrooms and 4 bathrooms sleeping up to 10 people.
NEW RELEASE - Only 20 Whole Ownership Stands - Build your own bush lodge
A limited number of sites have been set aside for private bush lodges. This option is for serious wildlife enthusiasts and those who love to spend as much time as they can at the Kruger Park. Whole ownership allows you the freedom to come and go as you please.
Stands are currently (July 2008) priced from R496 000 incl. VAT. Availability and prices are subject to realtime verification.
R.C.I. affiliation Of added value to an investment in ownership at Ngwenya is its affiliation to R.C.I., the worldwide holiday exchange network. Ngwenya Lodge enjoys a gold crown grading which places it amongst the top 5% of R.C.I. affiliated resorts worldwide. In a nutshell this means that besides being able to use Ngwenya Lodge for Kruger Park holidays you have the ability to save and exchange the time you own at Ngwenya for holidays elsewhere, either locally or abroad, in the same or other seasons. R.C.I. exchanges provide the most cost-effective means for rand earning South Africans to holiday abroad. These savings alone yield a considerable tax free return on your holiday investment at Ngwenya Lodge.
Ngwenya enjoys a huge demand from both local and international timeshare owners wanting to be as close to the Kruger Park as possible. It is, however, extremely difficult to exchange into the riverfront units at Ngwenya because the owners of these units have specifically purchased them to use for holidays at the Kruger Park. In other words the demand for space at Ngwenya exceeds the supply of weeks available to the R.C.I. spacebank. This benefits the investment in various ways.
Prices and Associated Costs We will gladly provide you with a quotation but you first need to specify the chalet size which suits you best and your seasons of choice for visiting the Kruger Park. Once we know these details we will also be able to tell you what weeks we have available. There’s no doubt that an investment in holiday ownership at Ngwenya saves thousands of rands over a lifetime of rented game park holidays.
Payment options
A variety of easy payment options are available. A minimum deposit of 35% of the net purchase price is required to secure the investment. For cash purchasers we offer interest free payments over 6 months (35% deposit required) or 12 months (60% deposit required). Payments can be made via post-dated cheques, credit card, debit order or electronic transfer. Alternatively, guaranteed financing from 2 to 10 years is available to suit your monthly budget.
Service fees (levy)
All owners pay a service fee (levy) once per annum per week owned. This is payable by 1st March each year and covers the cost of daily servicing, the washing and changing of linen and towels, the use of water and electricity, television, insurance, the upkeep of the common property (gardens, swimming pool etc), future refurbishment and replacement, resort administration, reception and security. Levies for 2006 come in at around R46 per person per day assuming full occupancy of the unit. It is important to understand that it is prohibited by law for anyone to profit from the service fee. Any excess of income over expenditure goes into the levy reserve fund.
Financial records of income and expenditure are presented to shareholders and decisions regarding annual increments are taken by the owners association at the A.G.M.
Historical levy increases have been as follows:
a. 2000/01: 6.5%
b. 2001/02: 6.5%
c. 2002/03: 4.75%
d. 2003/04: 9.5%
e. 2004/05: 9.5%
f. 2005/06: 9.5%
g. 2006/07: 7.8%
h. 2007/08: 12.5%
i. 2008/09: 9.75% (Proposed)
The low annual levy increases reflect outstanding management. A reserve for future replacement and expenditure on fixed assets is created by transferring the annual levy surplus to reserves. Any replacements or refurbishments are then funded from the reserves. The reserve history at Ngwenya has been as follows:
a. 2000/01: R2 394 000
b. 2001/02: R3 014 000
c. 2002/03: R3 559 000
d. 2003/04: R2 989 000
e. 2004/05: R4 124 000
f. 2005/06: R4 852 000 Projected
g. 2006/07: R3 957 000 Budgeted
Safe Investment
Ngwenya Lodge is one of the most successful timeshare developments in South Africa. The development is Bond Free which means no financial risk. The Developer is the Garden Route Chalets Group who have a sound track record having developed the sister resorts of Crystal Springs Mountain Lodge, Pine Lake Marina and Garden Route Chalets (Sedgefield and Plettenberg Bay) all of which are unbonded. Ngwenya Lodge is a registered member of T.I.S.A. (the Timeshare Institute of South Africa) which means that it has complied with all the legal requirements for a sound timeshare scheme in S.A.
NGWENYA LODGE ENJOYS A HIGH LEVEL OF OWNER SATISFACTION
A recent poll of Ngwenya timeshare owners showed that 95% enjoy holidaying to Ngwenya Lodge. A whopping 90% would recommend owning timeshare at Ngwenya to friends and colleagues. This is a very favorable endorsement of their leisure investment.
Limited Offer Promotions - Get Up to 30% Off
From time to time the Developer runs limited offer promotions on selected weeks with discounts of up to 30% off the retail price. Don't miss out on these opportunities to secure your ownership in this exciting development.
It's time to make a Lifestyle Connection Contact Winchester Marketing on 0800 117 622 Toll Free
