Berea Towers is centrally located in Berea.
Mamela Estates is currently managing a number of flats for investments in this building.
A sound opportunity not to be missed!
Description
Size: 95sqm.
Levy: R1282.34
Spacious one bedroom unit with a big kitchen with build in cupboards, Separated toilet, Separated bathroom with Bath and basin. Living area and closed balcony.
The unit is occupied for R4400.00 According to rental managers in the area a rental income of between R 4 400.00 p.m. and R 5 000.00 p.m. can be achieved if the property is upgraded to their specifications.
Mamela is currently successfully managing properties in the scheme.
The Unit needs maintenance. A detailed maintenance quote will be provided to the successful purchaser.
Yes. According to the Body corporate 4 people may stay in the unit.
Closest Amenities:
|
Name |
Type |
Suburb |
Distance |
| BP | Filling Station | Berea |
0.35 km. |
| Faeriedale | Shopping | Berea |
0.74 km. |
| University of JHB – Doornfontein | Education | Berea |
0.50 km. |
Calculation:
Purchase with Bond (90%):
- R 280 000.00 Bond =R 1 954.00 p.m.
- Monthly Levy =R 1 282.34 p.m.
- Rental Management fee (if applicable) =R 575.00 p.m.
- Total =R 3 811.34 p.m.
R 5 000.00 rental income – R 3 811.34 expenses = R 1 188.66 Cash flow positive.
Purchase with Cash:
- Monthly Levy =R 1 282.34 pm
- Rental Management fee (if applicable) =R 575.00 pm
- Total = R 1 857.34 pm
R 5 000.00 rental income – R 1 857.34 expenses = R 3 142.66 Cash-flow positive.
Gross Yield: 22% at R 5 000.00 rental income and R 280 000.00 cash offer.
Address
Address:
55 Abel Road, Berea
- Country: South Africa
- Province / State: Gauteng
- City / Town: Johannesburg
- Neighborhood: Berea
- Postal code / ZIP: 2198
- Property ID 1002
- Property Type Sectional Title
- Property status Buy
- Bedrooms 1
- Bathrooms 1
- Size 95 Sqm
- Label R280 000.00
Contact
