Ezulwini although these sales are not directly

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Ezulwini although these sales are not directly comparable to the proposed development this still is an indication of demand in the node, and research can be extracted from sales prices and value rates. Houses : Portion 1/240 of Farm 50 ; 3 Bedroom 2 Bathroom house situated on 2000 m2, very old finishes in a nice location ; Selling Price E2.7 million. Portion 415 of Farm 50; 3 Bedroom house situated on 1800 m2 . Nice modern finishes, landscaped gardens, entertainment area; Selling Price E3.1 million. Plot 54 Mantenga Estate; 3 Bedroom 3 Bathroom house situated on 2000 m2. Ols finishes, in need of attention; Selling Price E2.5 million (note it was then let at E15K per month). Portion 41 Mukela Ezulwini ; Neat but small 3 Bedroom house on a 1000 m2 stand.Selling Price E1.6m. Plot 3 Mantenga Estate; Very old finishes 3 Bedroom small hose on a 1600 m2 stand. E1.6 million. Portion 4 of plot 47 Gotje Township; Old 4 Bedroom house situated on 1500 m2 stand. Very old finishes in need of attention; Selling Price E3.3 million. Vacant Land; Plot 25 Umdoni Estate ; E380,000 approx. 800m2 Plot 49 Umdoni Estate; E330, 000 approx. 800 m2. Resale Plot 49 Umdoni Estate; E380, 000. Lot 62 Mantenga Estate; E950, 000 approx. 2700 m2. Resale Lot 62 Mantenga Estate; e1, 050,000. Plot 416,417 and rem 238 (all sold together) E1, 900,000 approx. 3600 m2. Resale of above; E2, 100,000. Plot 106 Mantenga Estate; E850, 00 approx. 2000m2. Plot 11 Thembelisha Township; E680, 000 approx. 1800 m2. Portion 353 of Farm 50; E780, 000 approx. 2000 m2. Plot 104 Mantenga Estate; E1, 300,000 approx. 2700 m2. Portion 293 of Farm 50; E1, 600,000 approx. 4000 m2. Worth noting is the fact that vacant land is regularly selling for significantly more than the developed units which will be on offer in the proposed development.
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EZULWINI ECO ESTATE A DEVELOPMENTBY MERELAVA 20 | P a g e Letter from Seeff confirming proposed selling prices
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EZULWINI ECO ESTATE A DEVELOPMENTBY MERELAVA 21 | P a g e Financial Feasibility Refer to Feasibility Model and Valuation that will be sent with this document . Please refer to the Spreadsheet “ Ezulwini LV Financial Model 4.xls This model has been adapted from a spreadsheet that has been successfully used in a number of sectional title developments. It contains significant intellectual property and we request Investors to treat it in the utmost confidence. The Budget Calculation tab contains the financial summary of the project. The “Unit Schedule” tab contains the individual unit information and summary of units. The “Financial Feasibility” tab contains the monthly income and expenditure projections as well as the cash flow projection and program. The “ Cost per Phase tab shows the project budget per phase. Pre Sales Requirement Schedule This presales requirement schedule is based on the sale of a 2 bedroom unit at E1,350,000. Drawn No. Date Required Capital Required Presales Required 1 15 May 2017 E 33 000 000 25 units 2 15 June 2017 E 5 000 000 4 units 3 15 July 2017 E 7 000 000 5 units
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EZULWINI ECO ESTATE A DEVELOPMENTBY MERELAVA 22 | P a g e Budget Phase 1,2,3 and 4 Refer to Feasibility Model and Valuation that will be sent with this document .
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