The Wagon

The Wagon

The Joseph Company presents an opportunity for equity partnership and investment in the affordable rental housing market. As part of its Broad Based Economic Empowerment strategy, Lekotu Enterprise Pty. Ltd. offers an equity partnership/investment opportunity in the affordable housing market. The current equity offering is based on the development known as The Wagon, situated on 130 Harpur Avenue, Benoni. The property proposed for purchase is zoned Residential 4, with an optimum number 78 number of units is strategically located opposite the Benoni train station, which makes it ideal to build an affordable medium density residential scheme on the property offering 78 units. Lekotu Enterprise will in partnership with The Joseph Company raise R5 000 000,00 equity through two round of equity investments and will further approach the Gauteng Partnership Fund for Junior loan financing of 30% of the total project which is estimated at R34 646 742.00, the balance will be sourced from the NHFC, NEF or Future Growth. The developer is offering up-to 49% equity in the business “The Wagon” which has been valued at R102 199 878 by an independent professional business valuation by expert raising equity against it.

Additional Details
Capital Value R35 000 000
Business Value R102 199 878
Equity Invested R4 000 000