Aspindale Park gets council approval

PROPERTY development firm, Aspindale Park, has secured title deeds from the Harare City Council for its multi-purpose housing project situated at the junction of High Glen road and Kambuzuma, a development that will result in home-seekers being able to access mortgage finance.
The project comprises 1 200 residential stands measuring between 200 square meters and 350 square meters as well as other mixed land uses aimed at supporting the residents.
Aspindale Park, whose first phase comprising 392 housing stands was completed in August, is offering world class living and working standards and services for both its residential and commercial clients.
“The issuance of title deeds means new customers can now apply for mortgage finance from any bank in the country,” Aspindale Park project manager Michael Swan said.
He added that his company, which has embarked on the second phase of the project, is receiving numerous inquiries from corporates and individuals concerning the new 380 stands scheduled for the second phase.
“We are now working on completing the second phase of the project by year end.
“The first phase generated a lot of interest in people and many companies and individuals are enquiring about the next project as they look for housing solutions,” Swan said.
Residential stands are selling at $85 per square metre inclusive of value added tax. A deposit of 30 percent is required and the payment plans range between one year and five years.
Payment plans for mortgages range from 10 to 25 years. Some banks that offer mortgage finance in Zimbabwe include CABS, Stanbic, FBC Building Society, ZB Bank, POSB and NMB among others.
Aspindale will also develop two schools, three churches, a clinic, retail space, two fuel filling stations and small-to-medium enterprises at the 56 hectare land that is secured through a property boundary — providing a safe haven for families to flourish in.
The commercial aspect will include establishment of a SMEs and industrial development commercial hub within Aspindale Park as it seeks to promote economic growth.
Development of the commercial hub commenced early this year alongside the development of the residential stands, initially with SMES in the supply of building materials.
Other retail services shall be incorporated at a later stage of development and these amenities will create massive scope for employment and economic development as well as investment opportunities.
SMEs are contributing significantly to the growth of the economy, contributing 70 percent of Zimbabwe’s gross domestic product as highlighted in the national budget.

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