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Launch of new Project More about Anatu Place Anatu Place is a new residential sectional title development in the Melville / Richmond area. The property is located on Menton Road in Richmond and the proposed development will comprise 84 sectional title apartments. Thirty-seven of the apartments will be studio/bachelor units, forty-one will be one-bedroom units (of which 9 will have lofts), and six two-bedroom loft apartments. The construction programme is set to commence in October 2007, with completion expected in July 2008. Unit Types UNIT TYPE: BACHELOR UNIT ONE BEDROOM TWO BEDROOM LOFT SIZE: 29.0 38.0 57.0 R R R PRICE: 430,000 515,000 627,000 More About PropX PropX is a supplier and developer of property investment opportunities for the serious investor. Based on the returns achieved with our previous sectional title investment products: Delheim Village in Richmond/Melville (150 units), College House in Braamfontein at Wits University (84 units), Dennesig in Stellenbosch at the University of Stellenbosch (24 units), Monash Village in Ruimsig at Monash University (333 units), Oak Ridge in Randburg (140 units), River Bushwillow Estate in Ruimsig (45 units), Aston, Lonehill (84 units), PropX is proud to bring to you Anatu Village, an excellent investment opportunity in Richmond, Gauteng. Location The demand for residential accommodation in the form of small apartments in the Auckland Park area is tremendous. The Auckland Park area has for years been a highly sought after residential area and it accommodates a variety of residential accommodation, from the grand old mansions in Auckland Park, the trendy Melville houses, to a number of apartment / townhouse developments. However, the supply of residential accommodation falls way short of the demand, with a constant growth in the number of businesses that have established themselves in this area. In addition, the University of Johannesburg has also experienced tremendous growth in recent years. This is the gap in a niche market that a development such as Anatu Place fills. Anatu Place is a development that will fulfill any student/young working adult’s accommodation needs by providing secure accommodation and parking, close to universities and colleges, with modern amenities such as internet and satellite TV connections, interaction with other students/young working adults and independence. Unit Value vs. Loan Balance vs. Cash Flow As per the included “Investor Profit Calculations”, a net shortfall of between R1 700 and R2 300 per month for the first 12 months should be achievable. At the end of year five, the net income generated could be sufficient to cover all monthly expenses i.e. bond repayment, levy and leasing commission, well on its way to a positive cashflow. Re-Finance With the opportunity of refinancing 80% of the capital growth after transfer of the unit, the same could result in an average financed cash injection of R100 000. If inverted, this amount will cover the monthly shortfall for at least the first 3 years of the investment, with the opportunity of refinancing the transaction again at the end of the 3rd year. The Transaction A R10 000-00 (Ten Thousand Rand) deposit into the Attorney’s Trust Account will secure a unit; The contract and the supporting documents need to be completed within 48 hours of paying the deposit; PropX assists the purchaser in applying for finance, secured by a first mortgage bond over the sectional title unit; Transfer costs are included in the purchase price; Bond costs are also included in the purchase price, provided that the purchaser makes use of the bond originator appointed by PropX. INVESTMENT UNIT - PROFIT CALCULATIONS Assumptions Rental Income Yr 1 Monthly Levy Yr 1 Rental escalation Yr 1 Rental escalation Yr 2 Rental escalation Yr 3 + Value escalation Yr 1-4 Value escalation Y4 5+ Levy escalation Interest Rate Yr 1 Interest Rate Yr 2 Interest Rate Yr 3 Interest Rate Yr 4+ Savings Rate Loan Amount Purchase Price Deposit Bond Registration Costs Income Tax Rate Capital Gains Tax Rate Leasing Commission 3,400 435 10.0% 10.0% 10.0% 15.0% 12.0% 8.0% 11.50% 12.00% 11.00% 11.00% 6.00% 420,000 430,000 10,000 30% 15% 6.0% Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14 Yr 15 Yr 16 Yr 17 Yr 18 Yr 19 Yr 20 IRR 121% 82% 67% 55% 49% 44% 41% 38% 36% 34% 33% 32% 31% 30% 29% 29% 28% 28% 27% 27% Gross Value Location: Anatu - Richmond Unit Type: Bachelor Bachelor Result Net Worth R 15,745 R 86,358 R 168,030 R 261,696 R 349,506 R 449,995 R 568,340 R 707,253 R 869,822 R 1,059,567 R 1,280,497 R 1,537,171 R 1,813,528 R 2,031,151 R 2,274,889 R 2,547,876 R 2,853,621 R 3,196,055 R 3,579,582 R 4,009,132 Annual Change in Net Worth Monthly Cashflow Annual Cashflow R 15,745 R 70,613 R 81,672 R 93,666 R 87,810 R 100,489 R 118,346 R 138,913 R 162,569 R 189,745 R 220,930 R 256,675 R 276,356 R 217,623 R 243,738 R 272,987 R 305,745 R 342,435 R 383,527 R 429,550 -R 1,718 -R 1,579 -R 975 -R 629 -R 248 R0 R0 R0 R0 R0 R0 R0 R0 R 9,850 R 10,859 R 11,971 R 13,195 R 14,545 R 16,031 R 17,669 -R 20,616 -R 18,945 -R 11,705 -R 7,551 -R 2,973 R0 R0 R0 R0 R0 R0 R0 R0 R 118,205 R 130,310 R 143,647 R 158,343 R 174,535 R 192,375 R 212,029 Mortgage Loan Balance R 414,255 R 408,142 R 400,645 R 392,280 R 382,948 R 370,353 R 350,449 R 321,791 R 282,708 R 231,266 R 165,236 R 82,050 R0 R0 R0 R0 R0 R0 R0 R0 R 430,000 R 494,500 R 568,675 R 653,976 R 732,453 R 820,348 R 918,790 R 1,029,044 R 1,152,530 R 1,290,833 R 1,445,733 R 1,619,221 R 1,813,528 R 2,031,151 R 2,274,889 R 2,547,876 R 2,853,621 R 3,196,055 R 3,579,582 R 4,009,132 contact: Willem Tait Marketing Manager Cell: 084 491 1123 email: willem@propx.co.za INVESTMENT UNIT - PROFIT CALCULATIONS Assumptions Rental Income Yr 1 Monthly Levy Yr 1 Rental escalation Yr 1 Rental escalation Yr 2 Rental escalation Yr 3 + Value escalation Yr 1-4 Value escalation Y4 5+ Levy escalation Interest Rate Yr 1 Interest Rate Yr 2 Interest Rate Yr 3 Interest Rate Yr 4+ Savings Rate Loan Amount Purchase Price Deposit Bond Registration Costs Income Tax Rate Capital Gains Tax Rate Leasing Commission 3,900 525 10.0% 10.0% 10.0% 15.0% 12.0% 8.0% 11.50% 12.00% 11.00% 11.00% 6.00% 505,000 515,000 10,000 30% 15% 6.0% Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14 Yr 15 Yr 16 Yr 17 Yr 18 Yr 19 Yr 20 IRR 113% 77% 63% 52% 46% 42% 39% 36% 34% 33% 31% 30% 29% 29% 28% 27% 27% 27% 26% 26% Gross Value Location: Anatu - Richmond Unit Type: One Bed One Bedroom Unit Result Net Worth R 16,907 R 101,507 R 199,359 R 311,580 R 416,792 R 534,580 R 672,117 R 833,431 R 1,022,087 R 1,242,147 R 1,498,233 R 1,795,606 R 2,151,186 R 2,432,658 R 2,724,576 R 3,051,526 R 3,417,709 R 3,827,834 R 4,287,174 R 4,801,635 Annual Change in Net Worth Monthly Cashflow Annual Cashflow R 16,907 R 84,600 R 97,852 R 112,221 R 105,211 R 117,789 R 137,537 R 161,314 R 188,656 R 220,060 R 256,086 R 297,373 R 355,579 R 281,472 R 291,919 R 326,949 R 366,183 R 410,125 R 459,340 R 514,461 -R 2,244 -R 2,095 -R 1,389 -R 994 -R 559 -R 80 R0 R0 R0 R0 R0 R0 R0 R0 R 12,380 R 13,648 R 15,047 R 16,587 R 18,285 R 20,155 -R 26,934 -R 25,139 -R 16,669 -R 11,933 -R 6,713 -R 958 R0 R0 R0 R0 R0 R0 R0 R0 R 148,555 R 163,781 R 180,559 R 199,046 R 219,417 R 241,862 Mortgage Loan Balance R 498,093 R 490,743 R 481,728 R 471,671 R 460,449 R 447,929 R 428,294 R 399,029 R 358,268 R 303,851 R 233,285 R 143,693 R 20,830 R0 R0 R0 R0 R0 R0 R0 R 515,000 R 592,250 R 681,088 R 783,251 R 877,241 R 982,510 R 1,100,411 R 1,232,460 R 1,380,355 R 1,545,998 R 1,731,518 R 1,939,300 R 2,172,016 R 2,432,658 R 2,724,576 R 3,051,526 R 3,417,709 R 3,827,834 R 4,287,174 R 4,801,635 contact: Willem Tait Marketing Manager Cell: 084 491 1123 email: willem@propx.co.za INVESTMENT UNIT - PROFIT CALCULATIONS Assumptions Rental Income Yr 1 Monthly Levy Yr 1 Rental escalation Yr 1 Rental escalation Yr 2 Rental escalation Yr 3 + Value escalation Yr 1-4 Value escalation Y4 5+ Levy escalation Interest Rate Yr 1 Interest Rate Yr 2 Interest Rate Yr 3 Interest Rate Yr 4+ Savings Rate Loan Amount Purchase Price Deposit Bond Registration Costs Income Tax Rate Capital Gains Tax Rate Leasing Commission 5,200 689 10.0% 10.0% 10.0% 15.0% 12.0% 8.0% 11.50% 12.00% 11.00% 11.00% 6.00% 617,000 627,000 10,000 30% 15% 6.0% Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14 Yr 15 Yr 16 Yr 17 Yr 18 Yr 19 Yr 20 IRR 143% 93% 74% 61% 53% 48% 44% 41% 38% 36% 35% 33% 32% 31% 31% 30% 30% 29% 29% 29% Gross Value R 627,000 R 721,050 R 829,208 R 953,589 R 1,068,019 R 1,196,182 R 1,339,723 R 1,500,490 R 1,680,549 R 1,882,215 R 2,108,081 R 2,361,050 R 2,644,376 R 2,961,702 R 3,317,106 R 3,715,158 R 4,160,977 R 4,660,295 R 5,219,530 R 5,845,874 Location: Anatu - Richmond Unit Type: 2 Bed 2 Bed unit Result Net Worth R 18,439 R 121,469 R 240,641 R 377,310 R 505,451 R 655,110 R 831,553 R 1,038,855 R 1,281,666 R 1,565,285 R 1,895,746 R 2,279,917 R 2,644,376 R 2,961,702 R 3,317,106 R 3,715,158 R 4,160,977 R 4,660,295 R 5,219,530 R 5,845,874 Annual Change in Net Worth Monthly Cashflow Annual Cashflow R 18,439 R 103,030 R 119,171 R 136,669 R 128,141 R 149,660 R 176,442 R 207,302 R 242,811 R 283,619 R 330,461 R 384,171 R 364,459 R 317,325 R 355,404 R 398,053 R 445,819 R 499,317 R 559,235 R 626,344 -R 2,381 -R 2,161 -R 1,258 -R 731 -R 149 R0 R0 R0 R0 R0 R0 R0 R0 R 15,001 R 16,538 R 18,233 R 20,100 R 22,157 R 24,424 R 26,921 -R 28,570 -R 25,932 -R 15,093 -R 8,767 -R 1,794 R0 R0 R0 R0 R0 R0 R0 R0 R 180,011 R 198,461 R 218,793 R 241,197 R 265,883 R 293,083 R 323,053 Mortgage Loan Balance R 608,561 R 599,581 R 588,567 R 576,279 R 562,569 R 541,071 R 508,171 R 461,635 R 398,883 R 316,930 R 212,335 R 81,133 R0 R0 R0 R0 R0 R0 R0 R0 contact: Willem Tait Marketing Manager Cell: 084 491 1123 email: willem@propx.co.za