Harley Gardens 958

Under Offer

958

Property ID

83 Sqm

Size

1

Bedroom

1

Bathroom

Description

Harley Gardens is well maintained and the COJ accounts is up to date.

Perfectly located on Fortesque Road and close to amenities such as the Netcare – Rand Hospital and a walking distance to Yeoville Recreation Centre.

The building has audited financial statements and the lifts are working.

There is 24hr security in the complex and the building is also insured.

Bargain Property!

Number of flats in building: 31.

Size:  83 sqm.

Levy: R 1120.00 Managed by Harley Gardens Body Corporate. (011) 487 0672

This is a one Bedroom Unit that consists of the following:

Separated kitchen, separated Bathroom, open balcony, Living area, Main bedroom.

The unit has a geyser and is in a good condition.

The unit is currently Vacant. According to the body corporate and rental managers in the area the potential rental income of up to R 4 500.00 p.m. can be achieved, if the property is upgraded to their specifications.

The unit is in good condition but requires some painting.

Yes. According to the Body corporate 4 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance

Yeoville Boys’ Primary School School Yeoville

0.82 km.

Fire Station Emergency Services Berea

1.21 km.

Netcare Rand Hospital Medical Yeoville

1.12 km.

Calculation:

Purchase with Bond (90%):

  • R 250 000.00 Bond at 7% =R 1744.00 p.m.
  • Monthly Levy =R 1120.00 p.m.
  • Rental Management fee (if applicable) =R 517.50 p.m.
  • Total =R 3381.50 p.m.

 

R 4500.00 rental income – R 3381.50 expenses = R 1118.50 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 1120.00 pm
  • Rental Management fee (if applicable) =R 517.50 pm
  • Total = R 1637.50 pm


R 4500.00 rental income – R 1637.50 expenses = R 2862.50 Cash-flow positive.

Gross Yield: 21.6% at R 4500.00 rental income and R 250 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 4 Fortesque Road
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 958
  • Property Type Sectional Title
  • Property status Under Offer
  • Bedrooms 1
  • Bathrooms 1
  • Size 83 Sqm
  • Label R250 000.00
  • Number of flats in building: 31

Contact

Ian

Property Agent
reception@mamela.co.za
Other Properties