Take a look at some of the projects The Pinnacle Property Holdings has under its diverse portfolio
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Pinnacle Property Holdings Mortgages
Background
In the first of its kind in Zimbabwe, the Pinnacle Properties Holdings Limited and CBZ Building Society (formerly Beverley Building Society), two giants in their fields, are introducing Mortgage Bonds exclusively for the purchase of Pinnacle properties
and stands. Finally, the dream of property ownership is within reach of all Zimbabweans.
Due to the prevailing economic environment in the country, many Zimbabweans, regardless of their social or economic standing have found it difficult to make an investment in properties. How many among us are able to fork out a full cash payment for a house or stand? As a result, the majority of well-deserving, hard-working Zimbabweans cannot afford property. As the largest privately owned property company in
Zimbabwe, as well as the most visible brand on the
market, Pinnacle Properties has always been ahead of
the curve. This trail-blazing spirit has allowed us to
recognise a need in the market and has compelled us
to seek a solution that first and foremost benefits
every Zimbabwean. “This has been and always be
our main focus as an organization to ensure that
every citizen has access to a home, and such a
scheme is the right door which we have opened for
every Zimbabwean to acquire a property through
Mortgage Bonds at low interest rates particularly for
the low and middle income brackets,” said Mr.
Brighton Manengureni, Managing director of Pinnacle
Properties, Real Estate division. As rentals continue to
rise around the country, many Zimbabweans are
parting with their hard-earned cash without reaping
any worthwhile returns. With the Pinnacle Properties
Holdings Limited/CBZ Building Society Mortgage
Bonds your money now goes towards a lifetime
investment that gives you a sense of security and a
financial edge that can open the door to building
wealth.
CBZ Building Society (formerly Beverley Building Society) is proud to be associated with this scheme,
which sees it reprising its long-standing role as the
leading providers of mortgages for Zimbabwe. , said
Mr. Bvumburai, the Managing Director of CBZ
Building Society
What are we offering Through this joint venture, Pinnacle Property Holdings
Limited and CBZ Building Society are introducing
Mortgage Bonds exclusively for the purchase of
Pinnacle Property Holdings Limited properties and
stands around Zimbabwe. CBZ Building Society is
offering 80 – 100% bonds with the payment of a
20% deposit on the full price of the property. We
have a competitive fixed interest rate of 10%, over
an agreed 2- 25 year period. You cannot beat this
once in a lifetime offer!
Affordability For most people, while they may be able to afford
the agreed monthly installments, the initial 20%
deposit might be beyond their reach. We feel that this
should not be a hindrance to property ownership. To
alleviate this problem, we have come up with an
innovative idea that is very agreeable. Commodities.
Many Zimbabweans are in possession of various
assets and commodities that have a fixed monetary
value. We are offering the opportunity to exchange
these assets and commodities as the deposit. Do you
have a plasma screen? Head of cattle? Grain?
Vehicles? Any asset that is fair exchange, we will take
and put it towards your deposit. Our team of
experienced valuators will put the standard price
against your asset, and if it comes up to the price of
the deposit, the property is yours
.
Properties and stands to choose from:
Pinnacle Properties has been in the property
development business for a long time, and we have a
reputation that speaks for itself. We look forward to
expanding our portfolio over the next few years and
we intend to continue to be the leading provider of
housing to Zimbabweans.
Currently we have the
following properties and stands for sale:
Pamvura Sunset - Bluffhill 33 units left Divaris Makaharis Villas Bluffhill
80 -clusters
36 -Flats The Chisora Village (The Grange)
2000 Penthouses.
41 Residential stands
Individual Applicants
- Proof of income
- Agreement of Sale
- Proof of deposit
- Copy of Title deed
- Application fees
- Work Permit (diaspora)
-Power of Attorney (diaspora)
Corporate Applicants
- Proof of company registration
- Proof of income (financial statements, projected
cashflows, management accounts etc)
- Company profile
- Resolution to borrow
- Application fees.
