- Developed by Ivora Properties
- 500 stands, excellent location.
- 125 stands already sold /reserved from 2008 to late 2009, a value of R122mil, excellent achievement.
- 18 hole championship golf course designed by Matkovich & Hayes
- 190 000 square meters of commercial rights (shopping centre, offices and hotel rights).
- Land value R560mil (2 independent valuations)
- Funds used to settle Nedbank bond as well as for 1st and 7th phase internal / external services
- Total projected net income before tax (all expenses included) is R389mil
- 20% projected return per annum
- Tax due at the end of the term, and not annually
- 5 year investment term
- Yet another prime development
|