Carter - Project Manager - Tete, Mozambique

Nick Carter

Tete, Mozambique


Project Manager

  • Full time
  • Part time
  • One time
  • Contract
  • Temp


I'm available to manage property developments, from market research, costing, tendering, controlling the production process, selling and managing it.

Work History


Carter & Laing Construction


Great African Developments


Carter & Carter Construction cc

Managing Member

Carter & Carter Estates cc

Gauteng Sales Manager

Dun & Bradstreet

December 1980 - December 1983




Castleton Plettenburg Bay is a US$ 34 million leisure development. It's a buy to let option for a holiday home and in this sector it's produced an enviable return on investment. Initial sale prices during 1998 were R 275,000 and those properties now sell for R 2 million. Rent return is as expect lower than the Waldorf or Tete is to be as it is essentially a leisure product offering a blend of holiday home and a rental pool, but nonetheless it's produced a capital growth of 14% and a rent yield of 5% pa over twelve years, giving the investors a 19% return on investment. See more on In this development property owners have the right to holiday there also in the off season and to withdraw from the rental pool of they choose to occupy it.

The floor plans are similar to The Waldorf's as the plans are popular.


The company partnered with the NBS Bank during the mid 1990's to build The Waldorf Sandton, which has a present day value of US$ 47 million. The property offers serviced suites. Our roles were market research, design, costing, tendering, project management, sales of apartments under sectional title and property management after the buildings were complete. This development was aimed at investors who wanted passive income & capital growth to hedge the effects of inflation. Here are our results expressed in ZAR and in US$:
- 1993 units sold @ R 195,000 now sell at R 1,400,000 representing an average 14.1% growth
- 1993 units sold for US$ 48,750 sell at US$193,100 representing average growth of 9.6%
The average rent yield for the period was 10% pa, so in SA investors made 24.1% and in US$ 19.6% pa year on year for a sixteen year period. What's more while stock markets recently crashed losing stock value by up to 40% our properties held their value. They only dipped 8% during 2010 and re clawing their way back fast. No insurance company in RSA has matched that. Their average is return is 17-19% on the better policies and their values dropped by 30% when the crash happened also. One may still buy these properties and expect growth to remain at 10% and to get a rent yield of 7%. It's a proven stable investment and we use this model in our other developments like Chartwell and Tete.

The Waldorf model is resilient because it is demand driven and it's a necessary product for businessmen. It fills a niche in the market that hotels don’t, namely it offers home from home living in an apartment and most of the benefits of a hotel. More importantly, it offers corporate travelers benefit because they can save and pocket their company traveling and subsistence allowances because they can cater at home, instead of using restaurants. In our new developments, where we don't have access to facilities as we do in Sandton, we build them as part of the development.



If you are interested in investing in this project, please apply to

Tete, Mozambique, an ancient trading town founded during Arab slave trading days is a boom town owing to the discovery of high quality coal. The town has grown from 54,000 to 157,000 in recent years. Our information is SASOL is to build a new oil from coal plant, twice the size of Sasolburg in Tete. While the stock markets fail to produce returns, there is real concern for double dip in the World economy. If this happens, your retirement funds might take another hiding. Property in Tete is in short supply and shall produce good returns because it's growth will be driven by massive funding to develop the town for the new Sasolburg. There is a world wide demand for coal and petrol. Owing to scarecity the cost of energy is spirally upward. For this reason Tete is guaranteed to grow. Its economy is based upon strategic factors. It is also a great place to go holiday. The fishing is great.

The company's bought property on the Zambezi River 1 km from the Tete Bridge, where it intends to build Churchill's -Tete; the difference being that the Country Club will also have permanent housing as part of its business model. Access by two wheel vehicles is easy. The development shall consist of a hotel, residential and shopping center development that provides a restaurant, bar, butchery, grocery, fishmonger, general dealer's store. The hotel and residential area will provide a business center and marina that provides these activities sundown cruises, fishing, kayaking, volley ball, tennis, squash, gym, cinema and imported live music from South Africa. These services will be popular because there is no other entertainment. Access will be governed by a closed membership much like the Chartwell model. The hotels will have reciprocity. Property purchases will be backed by a 5 year lease.

We expect to produce a net rental yield of 8% pa and capital growth to exceed 15% for the first three years. That will produce a 23-25% return on investment. We believe the market will mature after three to five years capital growth will slow to 10% pa. At that point investors returns will be in the order of 18-20% pa. Finance is is available. Terms are 10% deposit upon signature, 30% upon rezoning (June 2011). The balance is financed at 12%.

Properties to be built according to the Waldorf Spec. You may view Waldorf apartments to see what you are buying. Contact me on (011) 023 1160

CHURCHILLS - Chartwell Country Club - 2 Hood Road, Chartwell

RETURNS OF 12-25% - Pref-shares @ 12% pa. Ordinary shares to produce 16-26% pa.

STATUS - Under Construction - A combination venue for dinner, dance & theater, a business networking environment having offices to work from, board rooms to book & use, and a place that three generations can enjoy, like to good old days. I.e. while we listen to music on the lawn kids are looked after having activities such as horse riding, foofie slide, work shops and arts & crafts rooms. Assets currently stand at US$ 2.4 mil and the company intends investing another US$ 3 mil over the next twelve months to complete a hotel and a multi-function training center to be used for corporate team-building during the week and for kids over the weekends. It will have SCUBA, high diving, wall climbing, abseiling, an obstacle course, equestrian events arena & high diving board.

Looking for silent and operations partners. Pref-shares are available at a 12% yield. Ordinary shares are expected to earn 16-25% p.a. Sectional title rooms at the hotel and business centre will become available for purchase in the new year.

Membership at Churchill's also entitles you to 65% discounts on the groups safari assets which include Okavango, Kwaai River, Savuti, Chobe, Zambezi River and Pemba, Mozambique. Holidays costing R 2,500 per day pp inclusive of meals and game drives cost R 875.00 Churchill's will become the most exclusive of clubs.

Qualifications & Certifications

Adminstrator Goldmine Sales & Marketing

Frontrange Software


Pastel Accounting

General Management Dip.



Estate Agency Affairs Board

Marketing Management Dip.


Sales Management Dip.


Oriel Boys High School.

Marandellas High School

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