About the Village
Larmenier Village Cape Town (LVCT) is located in the grounds of Nazareth House in Vredehoek, on the slopes of Table Mountain. The estate of >>> hectares is dominated by the stone convent, built in 1902 and the chapel, designed by Sir Herbert Baker in 1916. The Village residential units comprise a mix of apartments and cottages of different sizes, as well as a clubhouse and a Health Care Centre. The Village is owned by the Sisters of Nazareth. They established the Village in order to provide funding for their charitable work. Nazareth House provides a loving and secure home environment for abandoned, neglected, disabled and orphaned children as well as a last resting place for children with terminal conditions. The Sisters also provides residential care for frail aged men and women in desperate need. The Victoire Larmenier Foundation (VLF) based in Pretoria, acts as the financial bridge between the Nazareth Houses and the Larmenier Villages. The VLF consists of 9 trustees, 5 Sisters and 4 lay people, with the Sisters having a deciding vote. The VLF meets quarterly.
LVCT operates on the Life Rights principle. In terms of the Housing Development for the Retired Persons Act No 65 of 1988, a life right entitles the occupant and/or his or her partner to the exclusive use of their unit during their lifetime, dependant on health.
- Upon sale of the unit the incoming resident will pay 100% Life Right loan to the Victoire Larmenier Foundation and 25% of this will immediately be invested as an “exit fee” utilised towards operational requirements for the Victoire Larmenier Foundation.
- Upon vacating/death of residents on these new Life Right Agreements, only 75% of the original loan will be refunded. However, new residents will participate in a profit share scheme where 25% of the profit on date of sale “over and above” their initial 100% purchase price will be settled along with the 75% refund.
Security is an important consideration in the Village. A guard house controls entrance into the Village, which is also protected by electric fencing. The Village is regularly patrolled at night. The Village also works closely with the local neighbourhood watch which holds its monthly meetings in our clubhouse.
The Village allows pets in the form of one small dog or one cat. Dogs must be kept on a lead at all times and owners must ensure that they do not foul the grounds. Cats are allowed to roam freely but owners should ensure that they do not enter other units.