Millstream

Area: Dullstroom
Reference: ZT01
Land Size: 408 ha


R 25,000

Details

Millstream Timeshare Opportunity with RCI Flexibility

From R 25,000 to R 55,000
One week timeshare in a 10 sleeper (five bedroom) house on the exclusive 408 hectare Millstream Estate in Dullstroom. There are various weeks available which can be viewed on the Millstream Availability spreadsheet.

Accommodation

ESTATE INFORMATION:
- Millstream was started in 1990 and has since been one of the most sought after timeshare developments. Millstream recently received an award for being in the top 10 resorts in Southern Africa;
- With Gold Crown status and RCI points ranging from 7650 to 19150 per week, it has very strong trading opportunities both locally and abroad;
- There are currently 21 units on the property and this can only be increased with 75 percent shareholder approval which is unlikely to ever be proposed and certainly not accepted. Thus exclusivity is ensured;
- The houses have been very carefully positioned to be at least 300m and up to 500m apart therefore offering a high level of privacy;
- There are 9 dams of various sizes, the largest of which is approximately 8 ha and 13 weirs;
- Millstream has a very strong and active Board of Directors that have, through sound financial policies and planning, ensured that the Estate has a healthy financial base;
- There have only been two special levies imposed in the last ten years, one of which was requested by the shareholders who wanted a generator; and UPSs were installed:
- The management team is very proactive in carrying out the policy of constant upgrades of both furnishings and fittings in all the cottages. The maintenance of the entire estate is well run;
- The Estate is well stocked with various game including Springbok, Blesbok, Zebra, Grey Rhebuck, and has several other indigenous species. The pristine grassland environment is home to a huge range of birds, offering the bird lovers some wonderful sightings;
- The recreational facilities include squash, tennis and an indoor, heated swimming pool at the Club house. There are also several stables and horse riding is offered. Hiking and biking over extensive areas of the estate are an option;
- The levies are R7650.00 (January 2017 – December 2017) R8200.00 (January 2018 – December 2018). Levies are payable two months prior to occupation regardless of whether taking occupation or not. Annual increase of between 8 and 10 percent;
- The rental income potential would be approximately:
R9060.00 per weekend minimum of two nights optional additional night at R1750.00
R16,000.00 per week Wednesday to Wednesday
R15,400.00 per long weekend four nights
R11,230.00 per long weekend three nights
R17,500.00 Christmas week Wednesday to Wednesday
There is a management booking fee of 21 percent deducted from the above pricing;
- The entrance gate is manned 24 hours and therefore access control is very good;
- There is an additional fee of R872.10 inclusive of VAT payable to Millstream for processing the Transfer Of Shares;
- The Estate is game fenced.

ACCOMMODATION:
- The houses vary slightly in configuration but are all five bedroom, four bathroom. Two of the bedrooms are downstairs (one of which is en suite, the other twin) and three bedrooms upstairs (again, one en suite, the others are twin with a separate shower room to share). All Bedrooms are carpeted;
- Open plan lounge, dining and kitchen with fireplace;
- Under floor heating in the living area in all units;
- All the linen has recently been replaced. All soft furnishings are replaced within a set timeframe;
- Built in braai on the verandah and a Weber braai is also provided;
- The unit is serviced every day at no extra charge.

Extras

FISHING ETIQUETTE:
-Certain of the waters are designated catch and release dams on which only barbless hooks may be use;
-There are bag limits imposed per day and per stay as per the fishing permit. The cost of these permits are covered by the mandatory entrance fee per car paid on arrival at the entrance gate (currently R120 per car) and are available to residents only;
-Float tubes and Kick boaters may be used on certain specified waters.

R.C.I. AFFILIATION AND EXCHANGES:
-Joining fees for R.C.I
Premier and Standard membership enrollment fees:
Enrollment duration Premier Standard
Debit OrderManual Payment
Current year R983.00R1,178.00
Current year + 1 year R1,525.00 R1,830.00
Current year + 2 years R2,066.00 R2,479.00
Current year + 3 years R2,607.00 R3,129.00
Current year + 4 years R3,105.00 R3,779.00
Current year + 5 years R3,691.00 R4,427.00

-Due to the grading of the property and the amount of accommodation per unit, Millstream timeshare has a very high point rating when backed with R.C.I. This has particular worth when exchanged for overseas accommodation.

MILLSTREAM AVAILABILITY:
The Module week moves forward one week every year in the quarter owned, while the Fixed week does not move.
For the latest Millstream Availability Spreadsheet please click the list below:

Commercial Opportunities

PDF available here

Please note:

The facts stated herein are correct to the best of our knowledge, and may be subject to change.
Sole Mandate
R 25,000
 

To book a viewing or to find out more about this property contact:

Kate Campbell
Office, Sales and Marketing Manager
Email: info@zestpropertygroup.co.za
Office: 013 254 0219 / 013 254 0376 9am-5pm (2pm on Sundays/Holidays)

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