NEW PROJECT BY SHAREMAX INVESTMENTS
Sharemax Investments launched a new project of the Sharemax
Growth Plan.
Sharemax’s managing director, Willie
Botha, said that Theresapark Retirement Village is
the development of a luxury residential complex for senior citizens. It is
situated in Waterbok Street,
Theresapark, north of the Magaliesberg in Pretoria, Gauteng. The project
will have a final development value of approximately R550 million.
R129 560 000 thereof will initially be obtained by means of
various prospectuses. The retirement village will consist of 428 units as well
as various other facilities. There will be 1 bedroom-, 2 bedroom-, 3 bedroom
units, apartments, as well as intensive care units available.
According to Sharemax’s research, there is a huge demand in
the area for retirement villages with additional intensive care facilities. A
sickbay, frail care unit, recreational hall with facilities, library, kitchen
and dinningroom, amongst others will be available.
Theresapark prospectus no. 1, which is currently promoted
by Sharemax, is for an amount of R47 440 000, in order to purchase the
immovable property and to establish the services. The projected return of
prospectus no. 1 is 20% simple interest per year, or 100% over 5 years.
All indications show however that the project may be
finalised after 3 years. The investors will also receive a portion of the
development’s profit as a bonus at the end of the development project.
Sharemax indicated that this type of development is one of
the few residential developments with which developers can still make good
profits in the current economic climate. End users that purchase this type of
residential unit, are usually buyers that consider this as a primary residence
and they pay in cash. On completion of the project, investors will get the
first option from Sharemax to purchase units at a reduced price, before they
will be made available to the public.
Sharemax Investments is an authorised financial service
provider FSP number 6153. Sharemax is the leader in unlisted property
investments and have already launched more the 55 successful projects and
specialised property developments.