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Sunday 01st of August 2010
    

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Second Floor
Langham House
Cape Town
South Africa
8001

Telephone: 0861 GENRAND
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Project 1 - Enquire about this project

GENRAND

Prime Property Secured Project

  • Gauteng

  • Launched in June 2009

  • 2000 Units - > 140 presales totalling R 25m

  • End user bonds granted for R 7.6m

  • R 90m Mother bond registered

    • Only R14m drawn
    • Valuation of unimproved land - R 50m
    • Thus equity remaining of R 36m

  • Private equity of Role Players - R 19m

  • Experienced developers - 27 successfully completed projects to date

  • Reason for quick sales - Outstanding characteristics

Distinguishing Features:

  • High Density, mixed use development

  • Life style oriented

  • Aimed at the young and hip market

  • Community center facilities

    • Basketball court

    • Gym

    • Jogging Trail

    • Creche

    • Storage Facilities

    • Primary Health Care Facilities

    • Supper Market

    • Hairdresser

    • Hardware store

    • Laundrette

    • State of the art Security Systems

  • French based urban planer

  • Trendy buildings

Interim capital required:

R 5 - 7m (Term 6 to 12 Months -  Monthly Re-payments)
(Investments in smaller fractions possible)

Repayment possible from (amongst others):
  • Draws on mother bond
  • Proceeds from end user bonds
 

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