While in Stellenbosch we were introduced to a remarkably well marketed and innovative ageing accommodation concept, Livewell Suites.
Just three years old and the first ageing accommodation project for the developer/owner, Jimmy Hanekom, they launched with just three accommodation units in a small regional town. They have now built and sold 50 units at top price and developing two more locations in Cape Town and Johannesburg.
Their concept is to accept only dementia and Alzheimer clients together with their partners into a boutique hotel style development under a loan/licence style agreement.
Accommodation ranges across single/couple/exclusive suites and pricing ranges of five options, from no capital repaid up to 100% +20% of capital gain. They have lengthy waiting lists.
The comprehensive detail and high quality execution of their marketing is beyond any we have seen here in Australia. Check their website HERE.