Balaton Court Ref 954

883

Property ID

49 Sqm

Size

1

Bathroom

Description

Due to the great location, Balaton court is fully occupied by residents.

Mamela is currently successfully managing a number of units in the building and the investors are getting great return on their acquisitions.

This property is currently valuated for R130 000.00 which makes this an opportunity not to be missed.

Number of flats in building: 51.

Size: 49 sqm.

Levy: R 810.00 Managed by Balaton Court Body Corporate (011) 720 0220.

We have a neat bachelor unit for sale in Balaton Court.

The unit has a separate bathroom that consist of a bath, toilet and basin. The kitchen is separate  and the big living room is also utilized as a sleeping area.

The Unit is in a fair condition, some renovation is needed.

The owner is currently receiving R 2 800.00 p.m. According to the rental managers in the area a rental income between R 3 100.00 to R 3 400 p.m. can be achieved as we are successfully managing similar units in this block.

The property is in a fair condition.  General maintenance will be needed . A detailed maintenance quote will be supplied to the successful buyer.

No. According to the Body Corporate 3 people may reside in the unit.

Closest Amenities:

Name Type Suburb    Distance   
Police SAPS – Hillbrow Emergency Services Hillbrow 0.60 km.
Spar – Fontana Highpoint Shopping Berea 0.36 km.
Afro Komb College Education Berea 0.39 km.

Calculation:

Purchase with Bond (90%):

  • R 130 000.00 Bond at 7% =R 907.00 p.m.
  • Monthly Levy =R 810.00 p.m.
  • Rental Management fee (if applicable) =R 322.00 p.m.
  • Total =R 2039.00 p.m.

 

R 2800.00 rental income – R 2039.00 expenses = R 761.00 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 810.00 pm
  • Rental Management fee (if applicable) =R 322.00 pm
  • TotalR 1132.00 pm

R 2800.00 rental income – R 1132 expenses = R 1668.00 Cash-flow positive.

Gross Yield: 26% at R 2800.00 rental income and R 130 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 19 Pietersen Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
  • Postal code / ZIP: 2044
Open on Google Maps
  • Property ID 883
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 1
  • Bathrooms 1
  • Size 49 Sqm
  • Label R130 000.00
  • Number of flats in building: 51

Contact

Ian

Property Agent
reception@mamela.co.za
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