882
Property ID
95 Sqm
Size
2
Bedrooms
1
Bathroom
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: 95 sqm.
Levy: R1 269.81 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.
R4 700.00 pm. is currently paid to the owner. According to rental managers in the area a rental income of between R4 700.00 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 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 185 000.00 Bond at 10.25% | =R 1634.00 pm |
| Monthly Levy | =R 1269.81 pm |
| Rental Management fee (if applicable) | =R 540.50 pm |
| Total | R 3 444.31 pm |
R4 700.00 rental income – R3 444.31 expenses = R1 255.69 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 1269.81 pm |
| Rental Management fee (if applicable) | =R 540.50 pm |
| Total | R 1 810.31 pm |
R4 700.00 rental income – R1 810.31 expenses = R2 889.69 Cashflow positive.
Gross Yield: 30.48 % at R4 700.00 rental income and R185 000.00 cash offer.
