Bellarion Court Ref 881

881

Property ID

99 Sqm

Size

2

Bedrooms

1

Bathroom

Description

Bellarion Court is a well-known building located in Bellevue East. This area is a favourite amongst investors and tenants.

Mamela is currently managing numerous units in the building and our investors are getting great return on their acquisitions.

This is an opportunity not to be missed!

Number of flats in building: 15.

Size: 99 sqm.

Levy: R1 299.54 Managed by Zulberg Property Management (011) 786 1119.

This is a spacious two bedroom flat with a large living area linked to the kitchen which is neatly tiled and has very nice cupboards. There is a bathroom that consists of a bath, basin and separate toilet. There is a balcony with burglar bars by the second bedroom.

R5 000.00 pm. is currently paid to the owner. According to rental managers in the area a rental income of between R4 500.00 to R5 000.00 pm can be achieved, if the property is upgraded to their specifications.

There is minimum maintenance required at this unit. The flat is in a very good condition. 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   
Netcare – Rand Hospital Emergency Services Bellevue 2.06 km.
Fish and Chips Shopping Bellevue 0.56 km.
TM Driving Academy Education Bellevue 0.51 km.

Calculation:

Purchase with Bond (90%):

R 220 000.00 Bond at 10.25% =R 1944.00 pm
Monthly Levy =R 1299.54 pm
Rental Management fee (if applicable) =R 575.00 pm
Total R 3 818.54 pm

R5 000.00 rental income – R3 818.54 expenses = R1 181.46 Cashflow positive.

 

Purchase with Cash:

Monthly Levy =R 1299.54 pm
Rental Management fee (if applicable) =R 575.00 pm
Total R 1 874.54 pm

R5 000.00 rental income – R1 874.54 expenses = R3 125.46 Cashflow positive.

Gross Yield: 27.27 % at R5 000.00 rental income and R220 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 5 De La Rey Street, Bellavue East
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Bellevue East
Open on Google Maps
  • Property ID 881
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 2
  • Bathrooms 1
  • Size 99 Sqm
  • Label Invest
  • Number of flats in building: 15

Contact

Ian

Property Agent
reception@mamela.co.za
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