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.