Harrow Towers Ref 1000

Buy Reduced

Yeoville 2 Muller Street

1000

Property ID

92 Sqm

Size

Bedroom

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!

Standard Information

Number of flats in building: 42.

Size: 92sqm.

Levy: R 1356.00

Specifications

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.

Maintenance

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

Sub-Dividable

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

Closest Amenities

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.

Calculations

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.