Through our latest investment offering, BlackBrick Two , 234Property is allowing YOU to gain access to the Sandton property market.
BlackBrick Two was designed to offer young professionals the convenience and luxury of living close to work and is redefining the urban living landscape by providing residents with a host of amenities that compliments their lifestyle.
The development is designed as an apartment hotel that services both short and long stay residents. Blackbrick 2 gives residents access to a new way of living at affordable prices. All apartments come with complete hotel services and furniture packs by Weylandts.
The building consists of 275 apartments in the heart of Sandton. It is a highly sought after investment that appeals to a multitude of residents because of its location, amenities and most importantly price range. It is truly a development that echoes the culture and vibe that the richest square mile in Africa has to offer.
- Solar Power for common areas
- On-site retail
- Boardrooms and co-working spaces
- On-site security
- Pet-friendly
- Energy-efficient & water-wise fittings
- Green living spaces
- Generator for common property
- High-speed fibre connectivity
- Shared roof deck with a pool and clubhouse
- Close to multiple MyCiti bus routes
- Walking distance to the Sea Point Promenade
1
50
Development Property
234Property aims to acquire purchase 3 apartments in Blackbrick Two under a 5-year investment term. The 3 apartments will consist of 2 x short term studio apartments that will form part of the hotel and one x long term one bedroom apartment that will be rented out to a dedicated tenant.
The reason for this is to allow our investors to benefit from the profitability of the short term hotel apartments but also the stability of the long term apartment. Hotel apartments will only generate rental income when it is occupied and therefore has the potential to earn more than a long term apartment. In contrast, a long term apartment will have a dedicated tenant that will generate rental income consistently. 234Property has decided to offer our investors a mix of both type of apartments in order to achieve a higher return on their investment but also lower their overall risk.
The building is unique as it boasts lifestyle amenities that is unmatched in the area. For this reason and the fact that 234Property is purchasing these units at below market value, 234Property anticipates a significant amount of capital appreciation over the investment term. Rentals at Blackbrick Two is considered affordable when compared to other options in the area and with it's top lifestyle amenities, tenants will prefer this over other buildings in the area.
The apartments 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 continue with the investment for a longer time period.
50000
100
Tenanted upon completion
Quarterly
750000
250000
3
3 x One Bedroom Studio Apartments
11.32%
6.9%
4%
10.92%
5 years from completion
