The property division of the Beekman Brothers Group. The group has extensive experience in leisure, domestic, retail and industrial development as well as property management. The group has been in existence for over 20 years in South Africa and has opened branches in various international destinations.

43 hectares.

228 luxury apartments and 118 villas

San Martinho Beach Club is a share block development. Investors acquire shares in Grace Bay Club Limited, a company registered in Mauritius. Grace Bay Limited has the exclusive right to the use and development of the resort on the immovable property in Bilene owned by San Martinho Beach Club Limitada, a company registered in Mozambique.

Treselle Limited, a company registered in Mauritius

Each villa or apartment in the development is a share block. The shares associated with each unit confer an exclusive right of use and occupation to the investor holding these shares for the duration of the occupational rights.

The occupational right of use endures for 99 years being based on a 50 year plus 49 year back to back renewable lease from the State to San Martinho Beach Club LDA (SMBC).

No. There are no borrowing powers in this development. Schedule S of the sale agreement contains the warranties to prevent the developer from borrowing against the assets. The entire development is being funded with cash.

The agreement of sale is divided into two components. The first component is for the acquisition of the shares from Grace Bay Limited to secure the occupational rights as recorded in the use agreement and the right to have an apartment constructed in accordance with the architect's drawings. When the purchaser acquires the shares, the seller (Treselle) cedes and assigns the use agreement to the purchaser. The second component is the building contract providing for the erection of the apartment or villa on the site. The building contract is between the purchaser and the Contractor (Treselle Limited

The use agreement is the agreement which entitles each successive holder of the share block to the exclusive use and occupation of the apartment, villa or site subject to its terms and conditions.

Your investment is US Dollar Based regardless of the purchase currency

The purchase price in respect of the shareblock, fixed loan and use agreement is US$75 000 comprising US$74173.55 in respect of the shareblock and US$826.45 in respect of that portion of the shareholders loan allocated to the shareblock.

Payment is made to the seller (Treselle Limited, a company registered in Mauritius).

The money is held by the Developer's Agent (Frontfin Properties, Secretaries and Administrators Limited of Mauritius) in an Escrow account with the Standard Bank of Mauritius pending fulfilment of any subjective clauses. The funds will therefore flow from the investor to an account in Mauritius and from there will be released to the seller based on the fulfilment of specific contractual conditions. Frontfin Property Administrators is the transfer office

The Developer's agent, Frontfin, will pay the contractor in instalments on receipt of reports issued by the consulting engineer certifying completion of the various stages of the apartment or villa as specified in the agreement.

Interest earned in the Escrow account will accrue to the purchaser

The apartment or villa with quality finishes (granite top kitchens, mozzie screen windows, DSTV ready connections) as described in the San Martinho schedule of finishes. The building contract includes major kitchen appliances such as under counter oven, hob and cookerhood, side by side fridge/freezer (4 bedroom unit) or combination fridge freezer (3 bedroom unit), washing machine, tumble dryer and microwave. Also included is a gas braai on the patio and aircon to all bedrooms as well as ceiling fans. Investors must furnish their own units

South African residents investing in SMBC must warrant that their taxation affairs are current and in good standing with SARS and that they have sufficient offshore investment allowance available in terms of applicable law to transfer the full purchase price and the building contract price to Mauritius from South Africa. In this regard the investor must apply for SARS clearance to transfer the appropriate funds

Yes. At any stage, provided you are not in arrears with your levy obligation.

The seller estimates that the initial levy will be approximately $US210 per month.

Everything outside the unit.

With effect from the effective date in respect of costs and expenses of the Grace Bay Limited and costs are incurred after the occupation date.

The Directors of the Company.

Yes

Yes

The company will in its discretion and at the cost of the shareholders insure the villas against damage for their replacement value.

The owner of the shares will be responsible for all interior maintenance.

Owners will be able to apply to the management company for this service. The manager will be responsible for the supervision of all staff employed by the company as well as the servicing of villas and commercial premises.

Development will be phased in accordance with the layout plan. Phase 1 includes the beach apartments known as Villa Praia (blocks A to E = 40 apartments) and the development of freestanding villas on the 500 sq. meter sites known as Parque Flores. Development of phase 1 will commence in 2008. Phase 2 is scheduled to start in 2009.

Yes. The maximum number of joint owners is limited to 12.

Not without the prior written consent of the Directors of the Company.

Each 3 bedroom unit gets 1 carport. Each 4 bedroom unit gets 2 carports. It is suggested that each unit considers purchasing a golf cart for commuting in the resort.

Tennis, 3 swimming pools, beauty spa, restaurant, pool bars, beach bar, crèche, mini-golf, kid's play park, cycling, gym, games room, volleyball.

Moorings for boats will be available along the beachfront.

Yes. There will be a boat yard with security for the storing of boats as well as an area designated for the cleaning of motors. There will also be a launching service for investors.

There will be 24 hour security with controlled access with intercom systems in all villas and luxury apartments.

San Martinho Beach Club will conduct a continuous mosquito spraying program.

There is a Marine office in Bilene where licences can be obtained for fishing, boats, deep sea diving etc.

Quad bikes and scramblers are not allowed on the lagoon beaches. There are trails in the immediate area.

Bilene has an airport with tar strip. So if you own your own light aircraft you can fly into Bilene but at this stage would still need to clear customs in Maputo.

There are no visa requirements for South Africans entering Mozambique for stays of 30 days or less.