High Hylton Ref 932

932

Property ID

67 Sqm

Size

0.5

Bedrooms

1

Bathroom

Description

High Hylton is a well-known building located in Joubert Park. This area is a favourite amongst investors and tenants.
The block is insured and has audited financial statement for 2018.The building management is taking care of the building very well and ensuring that all owners and tenants are as happy as possible.A sound investment indeed!

Number of flats in building: 189.

Size: 40 sqm.

Levy: R 859.04 pm. Mamela Estates (087 110 0086)

Original bachelor unit. The apartment has a separate bathroom consisting of a bath, basin and toilet. The kitchen is also separate with built-in cupboards. There is a working geyser and pre-paid electricity meter in the unit. The unit has a closed off balcony.

The current owner is receiving R3 400.00 p/m. According to rental managers in the area a rental income of between R3 000.00 pm and R3 500.00 p/m can be achieved, if the property is upgraded to their specifications.

The unit is in good condition and requires general maintenance touch-ups, such as some painting and tiling etc. A detailed maintenance quote will be supplied to the successful buyer. 

No. According to the Body Corporate, 4 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance      
SPAR Shops Hillbrow 0.17 km.
Netcare Rand Hospital Emergency Berea 0.37 km.
Engen Services Hillbrow 0.11 km.

Purchase with Bond (90%):

 

R150 000.00 Bond at 7% =R 1047.00 p.m.
Monthly Levy =R 859.04 p.m.
Rental Management fee (if applicable) =R 391.00 p.m.
Total R 2 296.04 p.m.


R 3 400.00 rental income – R 2 296.04 expenses = R 1103.96 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 859.04 p.m.
Rental Management fee (if applicable) =R 391.00 p.m.
Total R 1 250.04 p.m.                      


R 3 400.00 rental income – R 1250.04 expenses = R 2 149.96 Cashflow positive.

 

Gross Yield: 27.2% at R 3 400.00 rental income and R 150 000.00 cash offer.

 

 

 

Would you like to make an offer on this property?

Address

Address: 15 Goldreich Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 932
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 0.5
  • Bathrooms 1
  • Size 67 Sqm

Contact

Ian

Property Agent
reception@mamela.co.za
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