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Wavescapes

Contract
Price R122,000,000
Size 0m²

Salicure Properties 1 (Pty) Ltd

New face proposed for Peppermint Palace

The look of Muizenberg Main Road could change significantly in the near future if an application to build a block of flats on the property where the Peppermint Palace stands, is approved. The proposed development comprises the construction of a five-storey block of flats called Wavescapes.

Heritage Western Cape has approved the demolition of the building.

Its southern part was historically known as the St Andrews Hotel. It was later demolished and replaced by the Hotel Atlantic in 1934, which was extended to the north of the property in the 1950s.

There were then minor additions and alterations in 1961 and the original hotel consisted of 85 rooms, various communal toilet and bathing facilities, a large restaurant and kitchen facilities, staff facilities, store rooms and boiler rooms, as well as a separate bar and billiard room in the newer portion of the building.

SERVICES AND OUTCOME
Full project management and principal agent services.

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Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
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Pro-Rata Rates/Levies
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Electronic Document Preparation
Vat @ 15%
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Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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