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