Crowdprop intends to purchase 1 unit under a 5-year investment term. The property will be rented out upon completion and you will receive rental income in the form of dividends for a 5-year period. After which, a vote will be taken to determine if investors want to sell or not. Should the property be sold, you will be paid out your portion of the proceeds from the sale of the property at market related prices. Should the property not be sold, it will continue to be rented out until the investors decide to sell.
Our focus is on investing in property that is priced at a discount in comparison to the other options in the locality. According to our research, the property is significantly more affordable than other new developments in the area. Once completed, each unit will sell for around R3 million. Investors can therefore enjoy an immediate capital appreciation of approximately 7% as the apartments are being purchased at a discount to the market price. This provides investors with downside capital protection and offers a more favourable yield.
Rental is also more affordable in comparison with other similar options in the locality, providing a major incentive for tenants to choose The Address as a residential option.
