Block 5 at a glance
It is one of the fairly oldest block areas consisting of mainly medium cost housing and minimal high end housing in the form of multi-residential that are less than 2 years old. Main features are the BHC face brick signatures structures found representing the cheapest property offering in the area.
· 5 star Hotel resort located within proximity and reasonable distance from airport as well as shopping centers.
· Similar features to the village with regards to community service structures:
o Access to transportation and health services in Gaborone west and Block 9 area.
o 3 community junior and senior secondary schools
o Minimum 4 day care and nursery schools
· There is not much commercial activity taking place aside from the Molapo Crossing shopping center area, therefore property available will be residential sale and rental.
· Target market:
o Individuals looking to cash in on family assets (sell to invest)
o Buy to sell clients looking for an alternative source of income
o Buy to settle – a newly married couple looking for a reasonable start to life together
· Price Selling for medium cost 3 bedroomed:
o P500 000 – P1.2million
· Average rental rate:
o P 3500.00 max 2 bed roomed medium
o P5000.00 min 3 or 4 bedroomed stand alone