Short Story

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.

Please contribute a minimum of R10 027. Any additional contribution should be in increments of R1.36 as this is the price per share.

For your reference:

1% Shareholding = 10 000 shares @ R1.36 = R13 600 investment required.

2.5% Shareholding = 25 000 shares @ R1.36 = R34 000 investment required

5% Shareholding = 50 000 shares @ R1.36 = R68 000 investment required.

10% Shareholding = 100 000 shares @ R1.36 = R136 000 investment required.

The Meraki – MenloPark

by CROWDPROP ADMINISTRATOR

  • R1,360,000.00

    Funding Goal
  • R1,362,760.69

    Funds Raised
  • 0

    Days to go
  • Target Goal

    Campaign End Method
Raised Percent :
100%
The campaign is successful.
Menlopark, Pretoria, South Africa

CROWDPROP ADMINISTRATOR

3 Campaigns | 0 Loved campaigns

See full bio

Campaign Story

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.

Investment Strategy

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.

Name Donate Amount Date
Anonymous R10,027.00 July 08, 2021
Anonymous R62,397.00 July 07, 2021
Anonymous R27,100.00 June 14, 2021
Anonymous R10,027.00 June 14, 2021
Anonymous R10,027.00 June 10, 2021
Anonymous R10,027.00 June 09, 2021
Anonymous R10,027.00 June 02, 2021
Anonymous R11,173.33 April 06, 2021
Anonymous R27,100.00 March 25, 2021
Anonymous R0.00 March 05, 2021
Anonymous R54,200.00 February 26, 2021
Anonymous R10,027.00 February 25, 2021
Anonymous R203,250.00 February 23, 2021
Anonymous R271,000.00 February 18, 2021
Anonymous R271,000.00 February 18, 2021
Anonymous R271,000.00 February 18, 2021
Anonymous R10,027.00 February 16, 2021
Anonymous R10,027.00 February 15, 2021
Anonymous R20,097.36 February 09, 2021
Anonymous R10,027.00 January 28, 2021
Anonymous R27,100.00 November 30, 2020

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