GreenPark Properties, an Accra-based Real Estate Development and Property Management Company, has launched its Preston Place, a mixed residential development nestled in Adjiringanor-East Legon.
This forms part of its network of affordable luxury custom-made housing units.
In an interview, the General Manager, Kwabena Ofori Addo said in view of some financing challenges of real estates in the country, the new residential development will be completed in 24 months, although it can be completed in 12 months.
Addo explained that, the duration of time will give the buyers the chance to be able to make monthly mortgage payments as well as the GreenParks Investments, the project will be delivered within the stipulated time period.
Starting at US$77,000, Preston Place is sited on a well-demarcated 0.70-acre land and comprises of 12 luxury 1 and 2 bedroom apartments and 9 bespoke 3 and 4 bedroom townhouses from 55,000 Square Meters to 209,000 Square Meters.
All housing units come with spacious living & dining space, bedrooms with airy terraces, fully fitted kitchens, bespoke wardrobes, and split air-conditioning units in all rooms.
“This new property development is ideal for those who view comfort and security as a topmost priority either as a primary residence or an investment,” said Michelle Hughton, Marketing Director at GreenPark Properties.
As an investment, Preston Place provides a 10 to 12 percent rental yield and a property appreciation of 7 to 10 percent annually. The properties are expected to have a staggering 5 year return on investment of 17 to 26 percent.
By Joshua W. Amlanu