Ella Court Ref 952

951

Property ID

72 Sqm

Size

1

Bedroom

1

Bathroom

Description

Ella Court is located on in Joubert Park. It is situated close to all amenities such as University of Johannesburg, Ellis Park, Johannesburg Stadium and Rea Vaya bus route which makes it popular with tenants.

The block is in an average condition and it is well looked after.

This is indeed an opportunity not to be missed.

Number of flats in building: 54. 

Size: 72 sqm. 

Levy: R 500.00 pm. Managed by City Accommodation (011 720 5334) 

An original one-bedroom unit with a bathroom consisting of a bath, basin and toilet. There is a separate kitchen living area. This unit has a parking bay in the basement.

The unit is currently vacant however according to the rental managers in the area a rental income between R 3 800.00 to R 4 000 p.m. can be achieved if the property is upgraded to their specifications.

The flat is in a fair condition, it will require some general cosmetic maintenance details such as fixing a few broken windows as well as painting of the unit and general cleaning of the unit is required. A detailed maintenance quote will be supplied to the successful buyer. 

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

Closest Amenities:

 

Name Type Suburb    Distance   
Netcare – Berea Emergency Services Berea 0.60 km.
Spar – Fontana Highpoint Shopping Berea 0.36 km.
Afro Komb College Education Berea 0.39 km.

Calculation:

Purchase with Bond (90%):

  • R 170 000.00 Bond at 7% =R 1186.00 p.m.
  • Monthly Levy =R 500.00 p.m.
  • Rental Management fee (if applicable) =R 460.00 p.m.
  • Total =R 2146.00p.m.

 

R 4000.00 rental income – R 2146.00 expenses = R 1854.00 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 500.00 pm
  • Rental Management fee (if applicable) =R 460.00 pm
  • TotalR 960.00 pm

R 4000.00 rental income – R 960.00 expenses = R 3040.00 Cash-flow positive.

Gross Yield: 28% at R 4000.00 rental income and R 170 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 59 Quartz Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 951
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 72 Sqm
  • Label R170 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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