Investing in property is a good thing. Missing out on a profitable investment is not. Don’t get caught out by the looming VAT increase.
With VAT rising to 15% on 1 April, there’s a brief window of opportunity to secure a piece of prime real estate before the escalation. The sale will still be subject to the lower VAT rate of 14%, even if payment and registration take place after 1 April 2018, provided that an Offer to Purchase has been signed prior to that date.
One on Whiteley at Melrose Arch in Johannesburg is almost sold out. So act now, while the opportunity still exists.
Why invest here?
There are concrete benefits to investing in our developments. Chief among them are the prospects for outstanding returns on your investment. Those who bought into another Amdec Property Development project, The Yacht Club in Cape Town’s V&A Waterfront, have been able to sell at R75 000/m2 after purchasing at R48 000/m2. That’s an increase of 56% which is impressive by any standard, and even more so if you consider that the development is not yet tenanted.
The Yacht Club sold out in less than a year. In line with recent trends, this rapid rate of sale underscores the robust demand that remains for property developments such as these.
Apart from the potential financial gains, you’re also buying into a new urban lifestyle – cosmopolitan, connected and community focused. This is how we’ll be living in the near future, and a property at One On Whiteley in Melrose Arch lets you enjoy this lifestyle yourself, or you could rent to the rising numbers of tenants who aspire to this way of life… and have the means to pay for it!
Only 33 apartments are still up for sale at One on Whiteley. Act now to avoid missing out.
Given the finite timeframe before the VAT increase comes into force, you are encouraged not to delay.
By way of facilitation, our experienced in-house admin team will see to it that the purchase process is seamless. And, if needed, we can put you in touch with bond originators.
It’s your chance to make the most of this prospect before it falls away on 1 April.