Advert ID:5650 / Type:Joint Venture or Partnership / Sector:Property / Location:Western Cape
Looking For Property Investors In Cape Town
Opportunity Summary
ROZENBURG MANSIONS
THE OPPORTUNITY
Full approval is in place for a 32 apartment development on a 2,600m2 property in Malmesbury near Cape Town. The development strategy is to construct the apartments and let them out for 3 years after which they will be sold.
THE MARKET
With the global economical situation the rental market has expanded which will ensure the apartments can be profitably let. The initial value of each apartment will be €62,500.00 and in three years are expected to appreciate to €80,000.00. The apartments will be advertised for rental once building commences.
CONSTRUCTION PHASE
The construction and project management will be contracted to Devco Property Development Corporation (Pty) Ltd (Respond to this opportunity), selected because of their credentials and competitive pricing. Construction can commence immediately.
FINANANCIAL
The funding needed for this project is € 1,253,242.00 with a 60% return on investment after 3 years.
Herewith attached please find a breakdown of expenditure. An external valuation of the property is included for interest.
NB we also have a Golf Estate for sale or for investment
- Years Established:
- 2
- Target Market:
- investors
- Predicted Sales:
- R30000000
- Predicted Profit:
- R16000000
Respond to this Opportunity
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