Hesseldor 846

846

Property ID

85 Sqm

Size

2

Bedrooms

1

Bathroom

Description

Hesseldor is situated in Berea on the corner of Tudhope Street & High street. The block is well managed and popular with tenants due to its central location. The block is close to all amenities including Barnato Park High School, JHB Girls Preparatory, shops and main transport routes.

 

The building has 24-hour security and an access security gate, and the lifts are working.

A sound opportunity not to be missed!

Number of flats in building: 40.

Size: 85sqm.

Levy: R 729.84 Managed by Grofo Properties. (011) 044 1475

A spacious two bedroom flat with separate bathroom that consists of a bath, basin and there is a separate toilet. There is a large living area which can be utilized as a third bedroom. The kitchen is separate with wooden flooring, and there is a closed balcony.

The owner currently stays at the unit. According to rental managers in the area a rental income of between R 4 500.00 p.m. and R 5 000.00 p.m. can be achieved if the property is upgraded to their specifications. 

.The unit is in a good condition, with a working geyser and prepaid meters. A detailed maintenance quote will be supplied to the successful buyer. 

Yes. According to the Body corporate 5 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance

Spar – Hillbrow Shops Hillbrow

0.60 km.

Netcare Rand Hospital Emergency Service Berea

0.41 km.

Barnato High School Education Joubert Park

0.31 km.

Calculation:

Purchase with Bond (90%):

  • R 200 000.00 Bond at 10.00 % =R 1737.04 p.m.
  • Monthly Levy =R 729.84 p.m.
  • Rental Management fee (if applicable) =R 575.00 p.m.
  • Total =R 3041.88 p.m.

 

R 5000.00 rental income – R 3041.88 expenses = R 1958.12 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 729.84 pm
  • Rental Management fee (if applicable) =R 575.00 pm
  • Total = R1304.84 pm


R 5000.00 rental income – R 1304.84 expenses = R 3695.16 Cash-flow positive.

Gross Yield: 30% at R 5000.00 rental income and R 200 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 42 High Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 846
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 2
  • Bathrooms 1
  • Size 85 Sqm
  • Land area 1,392 SqFt
  • Label Invest
  • Number of flats in building: 40

Contact

Ian

Property Agent
reception@mamela.co.za
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