Harley Gardens 852

852

Property ID

75 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 boasts of audited financial statements and the lifts are working.

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

Bargain Property!

Number of flats in building: 31.

Size: 75sqm.

Levy: R 1019.32 Managed by Harley Gardens Body Corporate. (011) 487 0672

One bedroom unit with an open balcony and a large living area that has been subdivided into three sleeping stations with a bathroom that consist of a bath, basin and a toilet. There is a separate kitchen with a working geyser.

R 3 800.00 p.m. is currently paid to the owner. According to the body corporate and rental managers in the area a rental income of up to R 4 500.00 p.m. can be achieved, if the property is upgraded to their specifications.

The unit needs some maintenance but is overall in good shape. A detailed maintenance quote will be supplied to the successful buyer.

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 185 000.00 Bond at 10.00 % =R 1606.76 p.m.
  • Monthly Levy =R 1019.32 p.m.
  • Rental Management fee (if applicable) =R 517.50 p.m.
  • Total =R 3143.58 p.m.

 

R 4500.00 rental income – R 3143.58 expenses = R 1356.42 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 1019.32 pm
  • Rental Management fee (if applicable) =R 517.50 pm
  • Total = R1526.82 pm


R 4500.00 rental income – R 1526.82 expenses = R 2963.18 Cash-flow positive.

Gross Yield: 29.1% at R 4500.00 rental income and R 185 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 50 Oreilly Road, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 852
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 75 Sqm
  • Land area 720 SqFt
  • Label Invest
  • Number of flats in building: 31

Contact

Ian

Property Agent
reception@mamela.co.za
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