High Hylton Ref 968

968

Property ID

80 Sqm

Size

1

Bedroom

1

Bathroom

Description

High Hylton is a well-known building located in Hillbrow. This area is a favourite amongst investors and tenants.

Big 80 sqm Unit!

This is an opportunity not to be missed!

Size: 80 sqm.

Levy: R 1855.58 pm.

An original one-bedroom unit.

The flat has a separate bathroom consisting of a bath, basin and toilet as well as a separate kitchen and build in cupboards.

This unit is currently occupied and the rental amount is R4700.00

According to rental managers in the area a rental income of between R4 500.00 pm and R4 700.00 pm can be achieved, if the property is upgraded to their specifications.

The unit is below standard and needs maintenance.

A detailed maintenance quote can be supplied to the successful buyer on request.

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

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

Calculation:

 

Purchase with Bond (90%):

 

R195 000.00 Bond at 7% =R 1361.00 p.m.
Monthly Levy =R 1 855.58 p.m.
Rental Management fee (if applicable) =R 540.50 p.m.
Total R 3 757.08 p.m.


R 4 700.00 rental income – R 3 757.08 expenses = R 942.92 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 855.58 p.m.
Rental Management fee (if applicable) =R    540.50 p.m.
Total                              R 2 396.08 p.m.                      


R 4 700.00 rental income –  R 2 396.08 expenses = R 2 303.92 Cashflow positive.

 

Gross Yield: 28% at R 4 700.00 rental income and R 195 000.00 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: Hillbrow
Open on Google Maps
  • Property ID 968
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 80 Sqm
  • Label R195 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
Other Properties