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The Soweto Foundation

The Leading Light of Development
Returns expected from the Soweto Centre

SOWETO CENTRE VIABILITY STUDY NO 1 - REVISION 6 - BASE DATE APRIL 1996

Viability Study provided by Thomson & van Eck

1.Estimated Project Capital Cost

(Improvements at current costs incl. finance costs & professional fees)

Retail
SA Rand
159,726,671.33
Offices
38,476,273.86
Entertainment
25,287,731.35
Hotel
74,641,432.50
Conference
10,895,042.74
Covered Arena
79,719,001.51
Gymnasium
23,164,582.50
Educational & Cultural
55,594,998.00
Basement Parking
136,477,912.50
Motortown
40,676,639.61
Sports Stadium
205,256,944.43
Sports Facilities
24,613,724.90
Water World
29,136,090.53
Estimated Capital cost excluding VAT
903,667,045.75

 

2. Estimated Net income in Year 1

(excluding escalation in rentals)

Retail & Hawkers
SA Rand pa.
16,261,273.50
Ofiices
3.924,450.00
Entertainment
2,619,864.00
Hotel
7,008,000.00
Conference
1,226,400.00
Covered Arena
8,027,200.00
Gymnasium
1,530,000.00
Educational
2,805,000.00
Basement Parking
13,500,000.00
Motortown
4,027,725.00
Sports Stadium
19,030,000.00
Sports Facilities
2,361,600.00
Water World
2,900,000.00
Estimated net annual income excluding VAT
85,221,512.50

 

3.Estimated return on investors funds

(prior to taxation)

Retail & Hawkers
10.18%
Offices
10.20%
Entertainment
10.36%
Hotel
9.39%
Conference
11.26%
Covered Arena
10.55%
Gymnasium
6.60%
Educational
5.05%
Basement Parking
9.89%
Motortown
9.90%
Sports Stadium
9.55%
Sports Facilities
9.59%
Water World
9.95%

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