Bellarion Court 979

979

Property ID

73 Sqm

Size

1

Bedroom

1

Bathroom

Description

Bellarion Court is located in a quiet area known as Bellevue East, it is not too far from Observatory avenue where there is a bus station and prestigious schools such as Observatory girl`s primary school which is only a short walking distance away from the building.

This is a good investment not to be missed!



Size: 73 sqm.

Levy: R 1031.48 

Spacious one bedroom flat with large living area that has been subdivided into a second bedroom. There is a bathroom that consists of a bath, basin and a toilet. There is separate kitchen and an open balcony.

The unit will be Vacant upon registration.

According to Mamela a rental income of between R 4 000.00 to R 4 500.00 pm can be achieved, if the property is upgraded to their specifications.

The property is in a good condition with a working geyser. Electricity metered monthly, the unit needs a coat of paint. A detailed maintenance report will be provided to the successful purchaser.

No. According to the Body corporate 4 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance

Engen Shops Yeoville

1.02 km.

Netcare – Rand Hospital Emergency Services Berea

2.06 km.

Observatory Girls Primary School Education Berea

0.64 km.

Calculation:

Purchase with Bond (90%):

R 210 000.00 Bond at 7.00% =R 1 465.00 pm
Monthly Levy =R 1031.48 pm
Rental Management fee (if applicable) =R 517.50 pm
Total R 3013.98 pm

R 4 500.00 rental income – R 3 013.98 expenses = R 1 486.02 Cashflow positive.

Purchase with Cash:

Monthly Levy = R 1031.48 pm
Rental Management fee (if applicable) = R 517.50 pm
Total R 1 548.98 pm

R 4 500.00 rental income – R 1 548.98 expenses = R 2 951.02 Cashflow positive.

Gross Yield: 25.7% at R 4 500.00 rental income and R 210 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 5 De La Rey Street, Bellevue East
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Bellevue East
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 979
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 73 Sqm
  • Label R210 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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