Harrow Towers Ref 1000

1000

Property ID

92 Sqm

Size

1

Bedroom

1

Bathroom

Description

Harrow Towers is centrally located in Yeoville.

Mamela Estates is currently managing a number of flats for investments in this building.

A sound opportunity not to be missed!

Number of flats in building: 42.

Size: 92sqm.

Levy: R 1356.00

A spacious one bedroom flat with one bathroom consisting of a bath, basin and toilet. It has a living area. The unit also has a open balcony with beautiful views.

The unit is occupied for R4750.00  According to rental managers in the area a rental income of between R 4 000.00 p.m. and R 4 800.00 p.m. can be achieved if the property is upgraded to their specifications.

Mamela is currently successfully managing properties in the scheme.

The Unit needs maintenance. A detailed maintenance quote will be provided to the successful purchaser. 

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

Closest Amenities:

Name

Type

Suburb

Distance

Nandos Shops Hillbrow

0.13 km.

Police SAPS Emergency Hillbrow

0.26 km.

Afro Kombs College Education Hillbrow

0.20 km.

Calculation:

Purchase with Bond (90%):

  • R 255 000.00 Bond  =R 1 779.00 p.m.
  • Monthly Levy =R 1356.00 p.m.
  • Rental Management fee (if applicable) =R 546.25 p.m.
  • Total =R 3 681.25 p.m.

R 4750.00 rental income – R 3 681.25 expenses = R 1068.75 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 1 356.00 pm
  • Rental Management fee (if applicable) =R 546.25 pm
  • Total = R 1 902.25 pm


R 4 750.00 rental income – R 1 902.25 expenses = R 2 847.75 Cash-flow positive.

Gross Yield: 22% at R 4 750.00 rental income and R 255 000.00 cash offer.

Address

Address: Yeoville 2 Muller Street
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 1000
  • Property Type Sectional Title
  • Property status Buy, Reduced
  • Bedrooms 1
  • Bathrooms 1
  • Size 92 Sqm
  • Label R255 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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