Estate Living Magazine Smart Moves - Issue 38 February 2019 | Page 16

P R O P E R T Y
&
I N V E S T M E N T
The Boulevard Square
working suites, Boulevard Practice is home to a range of medical
facilities, and Boulevard Hotel forms the hospitality component of
the development.
The Boulevard Suites, modelled to suit investment requirements,
offers executive-style, lock-up-and-go studio apartment living. Its
state-of-the-art 24-hour security, the serviced short- and long-term
letting service and fibre access make The Boulevard a sound choice
for investors. ‘Priced from R960,000, Boulevard Suites stacks up
competitively against its peers and by comparison is priced about
32% lower than similar sectional title opportunities in Ballito; and its
location on KZN’s North Coast only serves to enhance the product
further,’ says Adriaan van Schoor, Assistant Vice President of Sales,
IFA Hotels& Resorts.
The Boulevard PAD is part of an investment schedule called Zimbali
Capital, a Section 12J venture capital company that offers investors
an attractive property-backed return with the added benefit of
receiving a tax credit of up to 45% on the investment amount.
Zimbali Capital is a managed via a joint venture between Zimbali
Resorts Developments and Jaltech, a financial consulting firm, which
invests in and operates property assets in key tourist destinations
sought after by both international and domestic travellers, thereby
affording attractive income returns and capital growth.
​ he Section 12J legislation allows for South African tax-paying
T
investors to claim an income tax credit in respect of their investment
into an approved Venture Capital Company (“VCC”) in exchange
for qualifying venture capital company shares. ‘If someone invests
R1 million in Zimbali Capital, they will receive a tax credit of up
to R450,000 at the end of the tax year. What this means is that an
investor will receive a return on 100% of their investment but only
have exposure of 55% of their original investment amount,’ explains
Zimbali Marketing Manager Erik Steele.
From a business and investment perspective, the prestigious
Zimbali address and access to world-class amenities make The
Boulevard a good contender for investors looking to earn an
attractive return.