FREQUENTLY ASKED QUESTIONS

The Alexandra is a curated collection of only three exclusive, tailored villas by Mardispace. Located at 30 Alexandra Avenue in the prestigious, wind-protected suburb of Fresnaye, it offers a secure, secluded lifestyle for discerning individuals seeking a legacy asset that combines architectural excellence with significant investment potential.

Mardispace Property Developments

We are committed to redefining luxury by ensuring every detail is curated for your lifestyle. With more than 10 years of development experience across the Western Cape and Gauteng, our team brings a focused and intentional vision to one of Cape Town’s most sought-after neighbourhoods. Each residence is designed as a sanctuary where thoughtful architecture, custom-made finishes, and purposeful space planning come together to create a home of enduring quality.

Supported by a highly experienced in-house team, Mardispace delivers every project tailored to individual needs.

https://mardispace.co.za/

STBB Attorneys

STBB blends the resources of a large legal firm with the agility of a boutique practice. Their full-service team — spanning corporate law, conveyancing, estates, family law, litigation, and more — delivers tailored strategies and steadfast support from your first consultation through resolution.

https://stbb.co.za/

30 Ave Alexandra, Fresnaye, Cape Town

View on Google Maps.

Construction is underway.

The estimated completion is Q1 2027.

The development consists of 3 villas in total, ensuring ultimate privacy and exclusivity.

Only two residences are currently available for sale as the Sky Villa has been sold.

Details available on request.

Each villa is unique. The Garden Villa features a spectacular secluded infinity garden with ocean views. Both the Sky Villa and Ocean Villa include private pools, and Au Pair rooms with separate entrances, offering additional convenience and privacy.

Prepaid electricity meter

Council water meter

Access Control

24 Hour Security to be determined by the Body Corporate

Yes, there are 2 parking bays per penthouse in a closed garage.

Yes.

Yes, there is one aircon in each room and lounge.

Yes, custom furniture packages are available on request. These have been specially curated to complement the design of each villa.

Each penthouse will have one backup inverter.

Backup water is available.

Penthouses will be Fibre ready for owners to choose their own providers and speed.

Yes.

Yes, as per Body Corporate rules.

Dependent on Body Corporate rules and negotiations.

Yes, short and long-term rentals are welcome.

• Sales are live via the interactive price list: https://sales.the-alexandra.co.za.
• Here you can easily browse the available units and use the filters and sort function to narrow down your search.
• On each unit the layout, all costs and expected rentals are shown.
• You can reserve your preferred unit/s online.

Your shortlist acts as a wish list of units that you have quick access to. Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist when sales go live.

All reservations will happen online via the interactive price list.

The below list outlines the steps you’ll need to be familiar with in order to have the best chance of securing the unit you want to purchase.

1. Register and log in to sales.the-alexandra.co.za.
2. Click the RESERVE button on your selected unit to start the process.
3. Complete the form and accept the terms: Click RESERVE
4. Your reservation will now move to the pending state where you will have 10 minutes to finalise payment of the reservation fee.
5. You will then pay your non-refundable R10,000 reservation fee via the following methods:
   • Visa or Mastercard
   • Apple Pay
   • Masterpass
   • Snapscan
6. Once the R10,000 reservation fee is concluded, your unit will be reserved!*
7. You will then receive an email from our team confirming your reservation.

* Terms & Conditions apply.

Next steps:

• The Agreement of Sale will be sent to you via email, this will need to be signed and returned to us within 7 days of receiving it.
• The full deposit required is 10% of the purchase price within 7 days from receiving a signed agreement of sale. The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
• The balance (90%) will need to be secured within 21 days by either a bond approval, bank guarantee, or cash.
• Alternatively for cash purchases, we will also accept a 30% non-refundable deposit with the balance payable 60 days prior to the transfer.

Financed deals

1. Minimum 10% deposit with the balance in the form of a bond approval
   • Deposit to be paid within 3 days from receiving a signed agreement of sale.
   • The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
   • The balance (90%) will need to be secured within 21 days with bond approval

Cash deals

1. 30% non-refundable deposit with the balance payable to the transferring attorneys 60 days before lodgement
2. Minimum 10% deposit with a bank guarantee for the balance of the purchase price supplied within 21 days of purchase

Yes, the deal is subject to your bond being approved and should it not be approved the deposit is paid back to you with interest. If you are unsure if you can afford the bond it is a good idea to get pre-qualified prior to the launch as the R10,000 reservation fee is not refundable.

Bond repayments will only commence after the development has been completed and once the transfer of the apartment you have purchased, has taken place.

Bond costs are payable at the time that the bond registers, once the development is complete.

There is no transfer duty payable but there are transfer fees (attorney costs).

The seller is registered for VAT so there will be no transfer duty but only transfer costs payable.

Levies are determined in terms of sectional title and exclusive use area of the apartments, parking and storeroom levies are calculated at a standard rate to be determined.

They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, lift maintenance, common wifi, building insurance and all running costs and management costs and insurance of the building.

Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.007159 to get your yearly rates. Divide this by 12 to get your monthly rates.

Example:

(R36 million property)

R36,000,000 x 0.007159 = R257,724 per annum

This equates to R21,447 per month

No hidden costs. VAT inclusive, no transfer duty. Rates, taxes and CID will apply.

The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (transfer takes place).

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your apartment upon finalisation of transfer and snags.