Clarendon heights Ref 1014

Clarendon heights Ref 1014

1014

Property ID

41 Sqm

Size

0.5

Bedrooms

1

Bathroom

Description

Pristine property for sale in Joubert Park

The building is located among great amenities Joubert Park

Pristine Location!

This is an opportunity not to be missed!

Size: 41 sqm.

Levy: R622,40

A spacious bachelor’s unit with a separated bathroom that consists of a shower, basin and toilet. The unit also has a open plan kitchen with built in cupboards and the living area used as a bedroom.

The unit is currently occupied and the rental amount is R2 800.00. According to rental agents, rental of between R 2 500.00 p.m. and R 3 000.00 p.m. is achievable should the property be upgraded to their specifications.

The property is in good condition but needs slight 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:
Engen Hillview Service Station    Fuel                               Hillborw                   0.22km

Hillbrow Police Station                Emergency Services     Hillbrow                   0.34km

Highpoint Shopping Centre         Shops                           Hillbrow                  0.36km

Calculation:

Purchase with Bond (90%):

R 95 000.00 Bond at  8.25 % =R729.00 pm
Monthly Levy =R622.40 pm
Rental Management fee (if applicable) =R 322.00 pm
Total =R1 673.40 pm

R2 800.00 rental income – R1 673.40 expenses = R 1 126.60 Cash flow positive.

Purchase with Cash:

Monthly Levy =R622.40 pm
Rental Management fee (if applicable) =R 322.00 pm
Total = R944.40 pm

R 2 800.00 rental income – R 944.40 expenses = R 1 855.60 Cash-flow positive.

Gross Yield: 35.3% at R 2 800.00 rental income and R 95 000.00 cash offer.

Address

Address: 4 Bruce street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
  • Postal code / ZIP: 2001
Open on Google Maps
  • Property ID 1014
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 0.5
  • Bathrooms 1
  • Size 41 Sqm
  • Label R95 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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