by Mbongwa Mahlangu
I am a South African who has an opportunity to develop an upmarket residential security estate in need of funding in terms of a grant or business loan for the project.
A detailed business plan is available. Below is a brief description of the project:
Final Touch Investments has an opportunity through an estate agent given sole mandate to develop three properties in Nelspruit/Mbombela, South Africa. The city is also growing at a rapid rate and also caters for the huge influx from neighboring countries, Mozambique and Swaziland. A technical team with advance experience consisting of civil engineers, electrical engineers, architects, quantity surveyors, landscape designers, attorneys and an estate agent is available to see this development to its final stage. A comprehensive business plan is provided along with approved town planning documentation and all endorsement from the local municipality have been received according to all related legislation.
This is an ultra-modern eco-residential development in prime location in Nelspruit. This is prime location surrounded by well-established private estates like The Rest Eco Estate, The Rest Country Estate, Bateleur Assisted living Estate, Shandon Wild life Estate, The Edge Estates and Cussonia Estates. Development will consist of 2 bedrooms, 3 bedrooms and 4 bedrooms units all with on-suite bathrooms, double garage, guest toilet, kitchen, lounge, dining room, outside braai and entertainment area with a splash pool (if required by client) flowing from the living room of the house. The duplexes will be larger than average town houses with enough space to accommodate ultra-modern minimalist open plan designs and give a sense of luxury spacing. Each unit will be deigned to fit the “green” standards of living composing of up to 80% Solar heating and lighting, water catchment (rain harvest) and using of indigenous pants for landscape designing. Building packages with standard features and a few customization options will be offered to clients enabling quick return on investments due to the demand for such property.
1 Land size:15 hectares (36 Acres)
2 Number of units:121
3 Cost of development and professional fees R20 100 000
4 Cost of land R14 000 000
2 bedroom show-house R 900 000
3 bedroom show-house R 1 000 000
4 bedroom show-house R 1 300 000
Total cost R 37 300 000
Contingencies 5% R 1 865 000
Total cost R 39 165 500
Rand to USD at 12.60 US$3,108,373