Lot 2SHARE BLOCK UNIT 530/532 EDEN CRESCENT, 23 SOL HARRIS CRESCENT, NORTH BEACH, DURBAN

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Description
Description
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, functional kitchen, 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.

Location: Unit 530, Eden Crescent, 23 Sol Harris Crescent, North Beach, Durban

Property Type: Retirement Share Block Apartment (Over 55s Senior Citizens Residence)

Unit Size: 59 sqm

Property Overview
- Layout: 1-Bedroom, 1-Bathroom (en-suite), Lounge, and a small Kitchen/Kitchenette.
- Parking: Includes 1 dedicated parking bay.
- Lifestyle: Resort-style independent senior living in North Beach, Durban, just moments from the beach, Suncoast Casino, restaurants, and medical centers.
- 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).
- Ombudsman Levy (CSOS): R40 per month.
- Parking Levy: R 110 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.
- Insurance:
  
  Building and public liability insurance are covered by the Company.
  
  Personal property and household contents within the unit must be independently insured by the resident.
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Terms and conditions

ONLINE MULTIPLE PROPERTY AUCTION – IMPORTANT INFORMATION

This auction is conducted in compliance with Section 45 of the Consumer Protection Act 68 of 2008 and the regulations contained therein applicable to auctions.

AUCTION DATE: OPENS 19 OCTOBER 2026 @ 12:00PM AND CLOSE 20 OCTOBER 2026 FROM 12:00PM

VIEWING OF PROPERTIES: BY APPOINTMENT ONLY

CONTACT: SJANE BARNARD 012 940 8686 / sjane@cahi.co.za

APPROVAL REQUIREMENTS

- Refundable Registration Deposit R20 000.00 (twenty thousand rand) by EFT

- FICA Documents

Proof of payment and FICA Documents to be sent to sjane@cahi.co.za for approval to bid online.
__________________________________________________________________

FICA REQUIREMENTS:

If purchasing in your personal capacity, a copy of ID and recent (not older than 3 months) proof of residence is required;

If purchasing in the name of a legal entity, the legal documents, proxy letter and proxy ID copy.

BANKING DETAILS:

CAHI AUCTIONEERS

FIRST NATIONAL BANK

BRANCH CODE: 250655

TRUST ACCOUNT NUMBER: 62824071542

REFERENCE: “FULL NAMES”

PLEASE NOTE THAT ALL CASH DEPOSITS WILL ATTRACT A 3% CASH HANDLING FEE

SPECIAL CONDITIONS APPLICABLE TO EVERY PROPERTY.

ONLINE MULTI PROPERTY AUCTION - 19 OCTOBER 2026 TO 20 OCTOBER 2026 (#230) 19/10/2026 12:00 PM SAST - 20/10/2026 12:01 PM SAST Starts Ending 20/10/2026 12:00 PM SAST

Lot 2SHARE BLOCK UNIT 530/532 EDEN CRESCENT, 23 SOL HARRIS CRESCENT, NORTH BEACH, DURBAN

ONLINE MULTI PROPERTY AUCTION - 19 OCTOBER 2026 TO 20 OCTOBER 2026 (#230) 19/10/2026 12:00 PM SAST - 20/10/2026 12:01 PM SAST
Starts Ending 20/10/2026 12:00 PM SAST