Zimbali coastal resort, KwaZulu-Natal, South Africa

Zimbali Coastal Resort is an excellent hideaway for prospective buyers seeking a short holiday away from the stresses of the urban jungle.

The upmarket Zimbali Coastal Resort on the KwaZulu-Natal north coast boasts private beach access, lush greenery, a premier golf course and luxurious accommodation. A high-end destination, Zimbali is not your average holiday sojourn, but with fractional ownership at Zimbali, such luxury is not out of reach.

Zimbali Coastal Resort is a breathtaking 700-hectare Coastal Resort situated on a pristine stretch of KwaZulu-Natal's Dolphin Coast. It is a place of expansive beauty, endowed with lush vegetation and an abundance of indigenous wildlife. Appropriately, it's Zulu name means 'valley of flowers'. Featuring inspired architecture that displays an Indonesian influence, the majestic estate offers residents and guests an exceptional quality of life within a pristine natural environment.

Located 45km north of Durban and within close proximity to all modern amenities, Zimbali is perfectly positioned to experience the unmatched magnificence of the KwaZulu-Natal province. Offering irresistible ocean and forest views, exceptional water and wetland features and an inspiring natural setting, Zimbali Country Club has developed the reputation of a memorable course with charisma and challenge.

With the brief of 'conservation takes precedence' international golf course designer and former British and South African PGA champion, Tom Weiskopf, had to integrate a 'cart only' course into a property with dramatic elevation changes, varying eco-systems and substantial residential sections. This was no easy task, but the end result is a prestigious course that is ecologically sound, yet it maximizes the natural landscape.

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Seeff Fractional Ownership

Seeff Fractional Ownership offers the ultimate option -both in terms of cost, as well as upkeep and maintenance of owning luxurious holiday accommodation in the most desirable golf and leisure resorts in South Africa and abroad.

Via a rotational roster system each investor is entitled to 4 weeks exclusive use of the villa/lodge per annum - which is fully furnished, managed and maintained by Seeff. Seeff Fractional Ownership has exceptional vacation villas, lodges and apartments for sale in most of the best golf estates and locations in South Africa.

Fractional (or Joint) Ownership means that one does not own the entire property (with the corresponding responsibility for the entire property) but rather a portion (fraction) of that property that corresponds to the time that one want to spend on vacation.Unlike timeshare where you only own time, Fractional Ownership allows you to actually own the brick & mortar and the capital growth.

All our properties are registered in the name of a company (whose only asset is that property) which has 13 shareholders each share entitling the owner to either 2 or 4 weeks use of the villa, lodge or apartment per year.With a rotational roster in place, every shareholder is ensured of spending every week of the year (spread over 13 years) in his holiday home which means that everyone has a ...

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Q&A with Henry Greyling

When did SEEFF Fractional Ownership first open its doors?

[HG] I started fractional in 2003 but bought the Seeff licence in June 2005
 

Does SEEFF Fractional only market and sell all of your Fractional residencies, or does SFO get involved with the design and development of the residences?

[HG] SFO is intricately involved in purchasing the land, project management of the building, and controlling the quality of all the fittings and fixtures. We also make sure the villa is luxuriously furnished and manage the snag list.

To date - Which is the most successful resort you have sold fractional property?

[HG]Zimbali, Zebula, V&A, San Lameer, Pinnacle Point and Sparrebosch.

You have been in property for many years, what are your views regarding a Fractional ownership purchase over buying 100% of a holiday home?

[HG] If you spend R2 mil on a holiday home you will carry all the expenses and levies for that home. Even if you rent your property out to the public, your home will deteriorate. For only R400 000 for a fractional investment at Zimbali, you can be the co-owner of a R6 mil villa which is managed and maintained by us, with all the levies and costs being shared, making it even more affordable.
 

How many owners are there in a typical Fractional residence?

[HG] 13 or 26
 

How many days usage is an owner allocated each year?

[HG] 28 days for a 13 shareholder home, and 14 days for a 26 shareholder home.
 

Does the owner have to use the residence each year - for the full term of their ownership?

[HG] No, they can either rent out their unused weeks and the rental income accrue to the investor, or they can bank their unused weeks with Platinum Destinations and use the points towards a vacation at one of Platinum Destinations 900 locations worldwide.

Who looks after your owners once they have purchased shares?

[HG] In order to protect your investment, SFO manage and maintain all facets of your villa and holiday to make it a hassle-free investment. The cleaning, maintenance, audits, gardening and insurance are just a few of the functions that Seeff Fractional assist with. We have employed/outsourced Alpha Villa Management to do this on the investors behalf and through our Customer Service liason we ensure that Alpha Villa Management gives the investor the best service. Further, all auditing and accounting functions are outsourced to an accounting firm. They collect all levies, pay bills, manage accounts and organise AGM’s.

Does SEEFF fractional assist owners to re-sell their shares?

[HG] This exact question encompasses our total business case. As, should we protect your investment, we would hope to be the obvious choice in the future when an investor wants to resell their shares.