Bellarion Court 848

848

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.

A property sold in Bellarion Court for R 3333/m² in 2017. This bargain priced at R 2070/ m².

Low risk and high returns, this is a good investment not to be missed!

Number of flats in building: 15.

Size: 73 sqm.

Levy: R 1031.48 Managed by Zulberg Property Management. (011) 786 1119

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 owner is currently receiving R 4 714.00. According to Mamela a rental income of between R 4 600.00 to R 4 800.00 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 185 000.00 Bond at 10.00% =R 1 607.00 pm
Monthly Levy =R 1031.48 pm
Rental Management fee (if applicable) =R 542.11 pm
Total R 3180.59 pm

R 4 800.00 rental income – R 3 180.59 expenses = R 1 619.41 Cashflow positive.

Purchase with Cash:

Monthly Levy = R 1031.48 pm
Rental Management fee (if applicable) = R 542.11 pm
Total R 1 573.59 pm

R 4 800.00 rental income – R 1 573.59 expenses = R 3226.41 Cashflow positive.

Gross Yield: 25% at R 4 800.00 rental income and R 185 000.00 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: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 848
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 73 Sqm
  • Land area 524 SqFt
  • Label Invest
  • Number of flats in building: 15

Contact

Ian

Property Agent
reception@mamela.co.za
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