1 Bedroom Apartment / Flat for Sale in North Beach

Share Block Unit 530-532 – Eden Crescent Retirement Complex. Looking for the ultimate beachside retirement lifestyle. Step into luxury senior living with this spacious 59m² one-bedroom apartment at the coveted Eden Crescent complex in North Beach, Durban. Purchasing this property means buying shares in the Share Block Company, which grants you direct ownership rights to the shares and an exclusive Use Agreement to occupy this private suite. Featuring an open-plan lounge, small kitchen, one bedroom with en-suite bathroom, and dedicated parking bay, this unit pairs independent living with resort-style peace of mind. Enjoy incredible on-site amenities including daily suite servicing, delicious meal options, 24-hour security, professional nursing care, a sparkling pool, library, and vibrant social events, all just steps from the ocean and local amenities. This is an unmatched opportunity to secure your dream retirement. On-Site Amenities: 24-hour security, clinic and frail care with qualified nursing staff, swimming pool and sun deck, daily meal service/dining room, library, social lounges, tuck shop, hobby & craft rooms, laundry, hairdresser, exercise classes, and dedicated shopping transport. Monthly Levies & Financials: Service Levy: R8,316 per month (covers daily suite cleaning, bed making, weekly linen changes, building maintenance, security, water, municipal rates, electricity, insurance, and administration). Parking Levy: R 110, Ombudsman Levy (CSOS): R40 per month. Compulsory Catering Options: Full catering (3 meals + 2 teas daily): R3,900 per month. Reduced catering (2 meals + 2 teas daily): R3,100 per month. Optional Additional Costs: Air conditioner usage (R200/pm), DSTV retirement package (R405/pm), uncapped internet (R240/pm), and specialized clinic/nursing care. Comprehensive Scheme Rules & Terms of Use: Occupancy & Age Restrictions: Designed exclusively for senior citizens (over 55 years of age). Occupancy is strictly limited to the approved Share Block holder (Resident) and a nominated Co-Resident. No third parties may occupy the unit without prior approval from the Board of Directors. Potential buyers/tenants must be interviewed and approved by the Board of Directors prior to taking occupation. If occupation occurs more than 6 months after approval, re-interviewing is required. Share Transfer & Special Deferred Levy: Shares can only be ceded or transferred to a purchaser approved by the Board of Directors, and a new Use Agreement must be signed. A Special Deferred Levy of 10% (excl. VAT) of the gross selling price is retained by the Company upon transfer for levy subsidization purposes (exemptions apply when upgrading/downsizing within the complex or transferring to a Co-Resident). Rental Restrictions: Letting of the unit requires prior written consent from the Company and must be for a minimum period of 6 months. Tenants must formally undertake to abide by all house rules. Health, Medical & Care Rights: Complete and honest medical disclosure is required upon application. If health deteriorates, the Board (on medical advice) may move a resident to the temporary care unit or give notice of termination if required care exceeds what the facility can offer. The Nursing Levy is paid individually by residents receiving specific nursing services. Safety & Security Requirements: Mandatory purchase of an emergency call button from the Company upon arrival. Mandatory purchase and maintenance of a small fire extinguisher inside the unit. Alterations & Maintenance: Interior suite maintenance is for the owner's account. No structural alterations may be made without prior written consent from the Company. Air conditioner installation and maintenance are at the owner's expense, subject to Board specification approvals.