Ark Royal Ref 1011

Ark Royal Ref 1011

1011

Property ID

109 Sqm

Size

2

Bedrooms

1

Bathroom

Description

Pristine property in Hillbrow.

 

The building is located among great amenities Hillbrow.

Pristine Location!
The building has great security and offers CCTV cameras throughout the building.

This is an opportunity not to be missed!

Number of flats in building: 767

Size: 109 sqm.

Levy: R1645.65 Managed by City Accommodations

A spacious two bedroom flat, kitchen with nice cupboards with a bathroom that consists of a bath, basin and toilet. There are two big living areas which can be utilized as bedrooms and there is an open balcony.

The unit is currently vacant. According to other rental agents, rental of between R 7 000.00 p.m. and R 8 000.00 p.m. is achievable should the property be upgraded to their specifications.

This property is in a good condition.

No. According to the Body corporate 6 people may stay in the unit.

Closest Amenities:
Eden Park Primary School         School                           Joubert Park                   0.19km

Hillbrow Police Station                Emergency Services     Hillbrow                           0.81km

BP Saratoga                                 Fuel                             Joubert park                   0.36km

Calculation:

Purchase with Bond (90%):

R 330 000.00 Bond at  8.25 % =R2 531.00 pm
Monthly Levy =R 1645.65 pm
Rental Management fee (if applicable) =R 851.00 pm
Total =R 5 027.65 pm

R6 800.00 rental income – R 5 027.65 expenses = R 1 772.35 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1 645.65 pm
Rental Management fee (if applicable) =R 851.00 pm
Total = R2 496.65 pm

R 6 800.00 rental income – R 2 496.65 expenses = R 4 303.35 Cash-flow positive.

Gross Yield: 24.7% at R 6 800.00 rental income and R 330 000.00 cash offer.

Address

Address: 66 Banket Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2001
Open on Google Maps
  • Property ID 1011
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 2
  • Bedrooms 2
  • Bathrooms 1
  • Size 109 Sqm
  • Label R 330 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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