Churchill Ref 1012

Churchill Ref 1012

1012

Property ID

66 Sqm

Size

1

Bedroom

1

Bathroom

Description

Pristine property for sale in Hillbrow.

The building is located among great amenities Hillbrow.

Pristine Location!

This is an opportunity not to be missed!

Number of flats in building: 77

Size: 66 sqm.

Levy: R1 206.32 Managed by Letcor Property Management

A Spacious One bedroom with separated bathroom with a bath basin and toilet, kitchen with build in cupboards and living area that can be utilized as a second bedroom. The unit also offers a Closed balcony.

The unit is currently occupied but will be vacant upon registration. According to rental agents, rental of between R 3 500.00 p.m. and R 4 000.00 p.m. is achievable should the property be upgraded to their specifications.

The unit is in need of maintenance, a detailed maintenance quote will be supplied to the successful buyer.”

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

Closest Amenities:
St Enda’s Secondary School       School                          Hillborw                   0.12km

Hillbrow Police Station                Emergency Services     Hillbrow                   0.52km

Highpoint Shopping Centre         Shops                           Hillbrow                  0.39km

Calculation:

Purchase with Bond (90%):

R 165 000.00 Bond at  8.25 % =R1 265.00 pm
Monthly Levy =R 1 206.32 pm
Rental Management fee (if applicable) =R 460.00 pm
Total =R 2 931.32 pm

R4 000.00 rental income – R 2 931.32 expenses = R 1 068.68 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1 265.00 pm
Rental Management fee (if applicable) =R 460.00 pm
Total = R21 666.32 pm

R 4 000.00 rental income – R 1 666.32 expenses = R 2 333.68 Cash-flow positive.

Gross Yield: 29.09% at R 4000.00 rental income and R 165 000.00 cash offer.

Address

Address: 44 Klein Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2001
Open on Google Maps
  • Property ID 1012
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 2
  • Bedrooms 1
  • Bathrooms 1
  • Size 66 Sqm
  • Label R165 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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