This site is located in a very high LSM (Living Standards Measure) suburb in Pretoria only 2 blocks away from a regional mall. This suburb, in the greater context, is also very close to the CBD and has access to newly developed public transport. This specific opportunity was explored as a higher densification opportunity (due to the proximity of newly implemented public transport systems) of the site hosting 72 units and thus exploiting a 350U/Ha.
The feasibility on a sales model yielded promising returns upwards of 30% Nett on full financing with prime interest rate. Prime Developments has spearheaded all opportunities on this site and the work done includes, but is not limited to, market studies, council drawings, feasibilities, consultation with financiers, town planning etc. – which were all included in this turn-key opportunity presented.