Caridade Ref 894

894

Property ID

80 Sqm

Size

1

Bedroom

1

Bathroom

Description

Great Investment opportunity! Caridade is located in Fortesque Street in Yeoville.

This area is a favourite amongst investors and tenants. Our investors are getting great return on their acquisitions.

The property is in a fantastic condition which is a nice bonus towards the investment.

An opportunity not to be missed.

Number of flats in building: 35.

Size: 80 sqm.

Levy: R 1500.00 pm. Caridade Body Corporate (011 614 4508)

Original one-bedroom unit. The flat has a bathroom consisting of a bath and basin with a separated toilet. There is a nicely tiled kitchen, a working geyser and a pre-paid electricity meter. There is an enclosed balcony.

The current owner is getting R4 725.00 p.m. According to rental managers in the area a rental income of between R4 700.00 pm and R5 000.00 pm can be achieved, if the property is upgraded to their specifications.

The unit is in a very good condition with minimal maintenance required. A detailed maintenance quote will be supplied to the successful buyer. 

No. According to the Body Corporate, 4 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance      
Police – SAPS Emergency Yeoville 0.46 km.
Recreation Centre Recreation Yeoville 0.57 km.
Yeoville Boys’ Primary School Education Yeoville 0.60 km.

 

 

Calculation:

Purchase with Bond (90%:

 

R195 000.00 Bond at 9.75% =R 1 665.00 p.m.
Monthly Levy =R 1 500.00 p.m.
Rental Management fee (if applicable) =R 575.00 p.m.
Total R 3 740.00 p.m.


R 5 000.00 rental income – R 3 740.00 expenses = R 1 260.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 500.00 p.m.
Rental Management fee (if applicable) =R 575.00 p.m.
Total R 2 075.00 p.m.                      


R 5 000.00 rental income – R 2 075.00 expenses = R 2 925.00 Cashflow positive.

Gross Yield: 30% at R 5 000.00 rental income and R 195 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 7 Fortesque Road, Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
Open on Google Maps
  • Property ID 894
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 80 Sqm
  • Label Invest
  • Number of flats in building: 35

Contact

Ian

Property Agent
reception@mamela.co.za
Other Properties