WHY ARE MORE & MORE SERIOUS INVESTORS EXPANDING THEIR PORTFOLIOS IN THE INNER CITIES?

Claim 30% of your purchase price back over 5 years

One of the major reasons why Investors choose the inner city area is because of a Tax incentive called the UDZ allowance. What the Urban Development Zone Tax Incentive basically mean is that a Tax paying individual can deduct 30% of the purchase price PLUS the Interest repayment portion, levy & management fee from his taxable income.

 

For Example
Should you purchase 3 units to the value of R1 284 000 (R428 000 each). On average you will be able to deduct R157 000 from your taxable income. Assuming a maximum Tax rate of 40% your actual saving will be approximately R62 000. That means you pay R62k less in taxes!!

Being part of the Platinum Planet group of companies we got the opportunity to work with an organization called Aengus Lifestyle properties (ALP), who specialized in Urban redevelopment.(Must Read)

ALP partnered with ApexHi Properties Limited (ApexHi) who is a property loan stock company which is listed on the JSE Limited in the Financial Services Real Estate sector on 5 March 2001 and is currently the second largest South African listed property company on the JSE, with a market capitalisation in excess of R10-billion.


Together they have refurbished 5 inner city apartment blocks & have another 17 buildings in the pipeline. Their next conversions will overlook Johannesburg Park Station, which is where the Gautrain will depart from!

So Why Invest with Aengus Lifestyle Properties!
 

When Aengus Property Management (APM) released Fashion Lofts they had 2000 rental applications in 2 months!! APM hand picked 10% of the applicants and filled the entire apartment block.

APM has 100% tenancy & 100% rental collections on their current 5 apartment blocks. It is save to say that they offer a No Hassle & Superiors Management service. Further more, rental yields are above 0.7% ................. Enquire Now!


The capital appreciation has only now started in the inner city & with government still spending Billions in cleaning up the city, together with the multi million rand Gautrain effect, investing into an inner city apartment IS the best investment you can make in current market conditions!

Just Imagine, 5-10 year down the line what the rental returns would be on a Fashionable city apartment, never mind talking about the costs per sq meter.

Currently other newly renovated apartment blocks are selling between R10k – R15k a sq meter. Aengus is selling their buildings at way below current asking prices, another great reason to choose Aengus as your investment partner.


----- Why Buy Inner City? ----- Press Releases ----- Aengus Lifestyle Card-----