Many investors are looking for regular monthly income, coupled with a degree of capital growth over the medium- to longer term.
Al Mabroor offers their investors the opportunity to invest in high quality property projects. The main sectors earmarked for investment are hospitals, especially sub-acute and frail care facilities, student accommodation, filling stations and commercial office space. All tenants will be approved by the Shariah Board.
Al Mabroor Projects will be the management agent of the various property investments. Al Mabroor will collect rentals, manage and maintain the property and do monthly rental distributions to all investors.
Current Investment Properties
Saratoga Student Accomodation
Al Mabroor, with the help of certain investors, developed the Saratoga Student Accommodation over the past 15 months. The property is now completed and will be ready for the new intake of students in February 2024.
Al Mabroor invites all our loyal investors to consider Saratoga as a property investment option, giving solid returns and providing for capital growth in the medium to longer term.
The Saratoga property is situated in Berea, an inner-city neighbourhood, located on the bus and taxi route which provide adequate access to and from the property. The property, being a block of flats, are centrally located and literally across the road from the University of Johannesburg Doornfontein Campus, near the WITS Technikon, the Johannesburg Stadium and several shopping centers.
The property is a free-standing brick building consisting of 4 floors, with undercover and open parking bays. Saratoga consists of 101 residential units of 24m² per unit and 31 parking bays. Each unit offers a basic kitchenette, bedroom accommodating 2 students and a bathroom with a shower, toilet and washbasin. All units comprised of concrete ceilings, plaster and painted walls and tiled floors.
Manhattan on Coral
The Manhattan on Coral offers a selection of 29 bachelor, studio, 1 and 2 bedroom New York style apartments. The design is distinctly modern, edgy and based on typical New York industrial themed warehouse converted apartments.
Some features include segments of exposed brickwork, floor to ceiling industrial styled windows, exposed steel beams with internal finishes which echoes the industrial theme and significant modern touches, like granite kitchen tops.
Situated just off the beautiful shoreline of Bloubergstrand with most of the apartments boasting views of the sea.
The complex is a mere 5 minutes’ walk from the famous Doodles restaurant situated on the beachfront, boasting the iconic world-famous views of Table Mountain from its terrace.
Each apartment comes with basement and ground floor parking bays as well as secure storage facilities.
Considering all that is on offer here, these apartments promise to leverage excellent capital appreciation and also high rental demand.
The project was the development of a multi-level building that is housing the following facilities:-
Basement with industrial Laundry and 27 x under cover Parking bays,
Ground floor with main Kitchen, Restaurant, and 15 x Assisted Living Units, First floor with fully equipped 40 x bed Frail Care Centre and 15 x Assisted Living Units, Second floor with fully equipped 30 x bed Sub-Acute Hospital
The Private Sub-Acute Hospital provides care that focuses on sub-acute, convalescent, rehabilitation and transitional care programs and will operate under an approved license from the Department of Health, Western Cape Province.
The Private Frail Care Centre provides 24 hour care that focuses on frail, emergency and end of life care services
Completed Investment Properties
Hermanus Medical Village
Property value: R33 Million
Initial income: 9%
10 Year leases
Highlands -Student Accommodation
Highlands Lofts is centrally located near Ellis Park, Braamfontein, Johannesburg
With sophisticated interiors and top end kitchens, offset by landscaped gardens and viewing
terraces - Highlands Lofts is set to take city living to new heights.
Only 150 meters away from the Rapid Transport System (Rea Vaya) giving easy access to:
University of Johannesburg – 600m
Johannesburg Technical College
Business & Training Colleges
Every need is catered for, Parking, Laundry and an on site caretaker
Riversands - Heidelberg
Property value: R9.5 Million
Initial income: 8.9%
10 year leases
Property value: R27 Million
Initial income: 9.2%