378 West Avenue - Johannesburg

This is an existing house standing on a 1,500 square meter plot. 

The existing 6-bedroom property will be rezoned and redeveloped into a 7-unit mini complex (4 duplexes, 3 bungalows).

• Rental income continues during rezoning

• Units sold to buyers between Years 5–7

• Profits shared pro rata at exit

Worst Case: If rezoning is not approved by Year 4, the property is sold as a rental complex with returns from income and capital growth.

Returns & Structure

• Earn annual rental income (withdraw yearly or accrue to exit).

• Capital gains from property sales are shared with investors.

• Outperformance bonus: 50/50 split of returns above 12% p.a.

• Investors own shares in a ring-fenced company, securing their interest.

Fees & Costs

• Property Management: 12% of rental income

• Sales Agent Fee: 6% on exit

• Admin Fee: 1% upfront

• Annual Management Fee: 2% + VAT

• Standard operational costs (utilities, security, maintenance, taxes)