Ethekwini Municipality

Yes, should you purchase an apartment, it will form part of The Capital Pearls hotel offering.

To purchase an apartment at Pearls Shore, you are required to sign a lease with The Capital. You will select either a fixed or variable lease. A furniture pack is included in your purchase. Please note that this is a standard residential lease meaning that you as the landlord are responsible for rates, taxes and levies.

To secure you purchase, you are required to:

• Pay your 10% deposit
• Sign the full sale agreement
• Ensure all FICA documents have been sent

Yes, securing the apartment purchase and securing The Capital lease is subject to the acquisition of a furniture pack.

You can choose either a fixed or variable lease.

The fixed lease with The Capital is for a 3-year term with the option to renew up to 9 years. The Capital is your guaranteed tenant. The fixed lease offers a guaranteed rental per month from R13 260 on a studio. Rentals are expected to increase by 5% each year.

The variable lease with The Capital is for a 3-year term with the option to renew up to 9 years. This is a ‘share of income’ model that has been operated successfully across The Capital portfolio and at Pearls Sky. The Capital shares in 50% of the revenue we achieve after paying for utilities, housekeeping and data / DSTV. Shared costs are expected to start from R5 000 for a studio and R7 000 for a 2-bedroom apartment. The average anticipated monthly income based on historic trading is from R17 500 for a studio apartment and from R38 000 for a 2-bedroom (excluding VAT).

• Studio – Oceans Mall facing (West)
• Studio – Sea facing (East)
• Studio – Cabanas Beach facing (North)
• 2-Bedroom – Sea facing (East)

Owners will have the ability to book their short-term stay through The Capital Pearls. As a landlord you will receive a 25% discount off our standard rates nationwide. Bookings can be done on The Capital website www.thecapital.co.za or via the central reservations department. The Capital will endeavour to allocate you your unit if you request so, subject to availability.

• Restaurant
• Bar
• Swimming pool
• Children’s playground
• Access to Planet Fitness
• Access to The Pearls Mall

The Pearls of Umhlanga has 24-hour security, CCTV, 24-hour control room and perimeter fencing.

The property ownership is a Sectional Title which is managed by the body corporate.

Construction commenced in 2024 and is estimated to be complete by May 2025.

Please note that this is a standard residential lease meaning that you as the landlord are responsible for rates, taxes and levies.

Onsite management services will be supplied by The Capital Pearls.

Use of the facilities is exclusively for those who have booked into the Capital Pearls and cannot be used by anyone who is not currently residing in Pearls of Umhlanga.

Yes, all units will be equipped with air-conditioning.

Direct beach access is available within The Pearls of Umhlanga.

The body corporate takes care of all maintenance of the building through its service providers.

There is a generator that is in place to back up the elevators and common lighting.

Yes, it will have a NHBRC certificate

The building warranty is based according to the NHBRC and JBCC building contract. Please refer to the website for details.

There will be sprinklers and the building is fully compliant with the local fire safety requirements. There will be two fire escapes per floor.