High Hylton 849

849

Property ID

41 Sqm

Size

1

Bedroom

1

Bathroom

Description

Great location in Hillbrow, near emerging, shops, restaurants, hotels and other attractive amenities.

High Hylton has turn style security access that is monitored by CCTV cameras with security guards on duty. The lifts are in working order. The block has secure basement parking.

This is a superb block. Investors who bought into this block in the past are experiencing excellent return on investments as it is a very popular block amongst tenants.

The building is insured. The building does have prepaid meters. Mamela is managing a number of units in this block.

Number of flats in building: 189.

Size: 41sqm.

Levy: R 723.00 Managed by Pal Properties. (011) 472 7226

Bachelor flat subdivided into separate bedroom, spacious living area with wooden floors, one bathroom with bath, basin and toilet. There is a separate kitchen.

The owner is leasing the flat currently for R2400.00 pm excluding water and lights. According to Mamela a rental of between R 3600.00 pm and R 3800.00 pm can be achieved, if the property is upgraded to their specifications, as Mamela is already managing flats of this magnitude in this building.

The property is in a good condition with a working geyser. The unit needs a coat of paint. A detailed maintenance report will be provided to the successful applicant.

No. According to the Body corporate 3 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance

Nedbank Plaza Shopping Centre Hillbrow

0.22 km.

Medical Research Medical Joubert Park

0.74 km.

Civic Centre Shopping Centre Joubert Park

1.10 km.

Calculation:

Purchase with Bond (90%):

  • R 132 000.00 Bond at 10.00 % =R 1146.46 p.m.
  • Monthly Levy =R 723.00 p.m.
  • Rental Management fee (if applicable) =R 437.00 p.m.
  • Total =R 2306.46 p.m.

 

R 3800.00 rental income – R 2306.46 expenses = R 1493.54 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 723.00 pm
  • Rental Management fee (if applicable) =R 437.00 pm
  • Total = R1160.00 pm


R 3800.00 rental income – R 1160.00 expenses = R 2640.00 Cash-flow positive.

Gross Yield: 34.5% at R 3800.00 rental income and R 132 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 126 Twist Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 849
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 41 Sqm
  • Land area 4,520 SqFt
  • Label Invest
  • Number of flats in building: 189

Contact

Ian

Property Agent
reception@mamela.co.za
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