The Meraki is a modern apartment building ideally situated in Menlopark. It is situated just a 5 minute drive from Menlyn Maine and Menlyn Shopping Centre and an 8 minute drive from the University of Pretoria. The building consists of 22 one-bedroom apartments. The apartments are ideal for students, young professionals or bachelors. Construction is expected to be complete by March 2021.
Menlopark is an upmarket suburb in Pretoria, which borders other prominent areas including Waterkloof, Brooklyn and Lynnwood. It is ideally situated just minutes away from fast-growing Menlyn, the CBD, shopping centres, main arterials, the University of Pretoria and top schools, makes it a highly attractive investment location. The area is also home to the Kenyan, Spanish and Russian Embassies as well as the Mauritian High Commission. Menlopark was ranked as one of Pretoria’s most in-demand suburbs in 2018 by Private Property.
❏ A recreational area
❏ Fibre + DSTV compatible
❏ Each unit has a covered parking bay and a personal store room
❏ 24/7 Security
❏ All units feature balconies
❏ Covered visitor’s parking
❏ Refuse area
❏ Each apartment features top-notch appliances including a Bosch oven, extractor and stove
1
45
Apartment
Development Property
Crowdprop intends to purchase 1 furnished 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 aim is to purchase property priced at a discount in comparison with other options in the locality. Investors can therefore enjoy immediate capital appreciation 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.
According to our research, the rental figure we would charge is more affordable on average to other options in the locality, providing an incentive for tenants to rent in a modern, new building in a prime area, with top lifestyle amenities. A further incentive is the property’s location which is within 5 kilometres of major points of interest.
100%
Tenanted upon completion
Quarterly
R1 360 000
R1 360 000
1
1 x One Bedroom Apartments
10%
6.52%
3%
9.52%
5 years
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