Highrise Ref 998

Buy Reduced Price


Property ID

49 Sqm







Highrise is one of the sectional title blocks in Berea with exceptional potential and is favoured amongst investors and residents.

Mamela Estates is currently managing a number of flats for investments in this building.

A sound opportunity not to be missed!

Number of flats in building: 443.

Size: 49 sqm.

Levy: R 1618.04 pm.

A original bachelor unit with a separate bathroom with a bath, basin and toilet. There is a separate kitchen with built in cupboards and a big lounge area.

The unit is currently occupied for R 3750.00. According to rental managers in the area the general rental income is between R 2800.00 pm and R 3500.00 p/m, if the property is upgraded to their specifications.

The unit is in good condition but needs slight maintenance. a detailed quote will be sent to the successful buyer.

No, according to the body corporate 4 people may reside in this unit.

Closest Amenities:


Name Type Suburb Distance    
Thembekile Primary School Education Berea 0.29 km.
Police SAPS Emergency Service Hillbrow 0.82 km.
Spar – Fontana Highpoint Shops Hillbrow 0.39 km.




Purchase with Bond (90%):


R150 000.00 Bond at 7% =R 1 108.00 p.m.
Monthly Levy =R 1 618.04 p.m.
Rental Management fee (if applicable) =R 431.25 p.m.
Total R 3 157.29 p.m.

R 3 750.00 rental income – R 3 157.29 expenses = R 592.71 Cashflow positive.

Purchase with Cash:


Monthly Levy =R 1 618.04 p.m.
Rental Management fee (if applicable) =R 431.25 p.m.
Total R 2 049.29 p.m.

R 3 750.00 rental income – R 2 049.29 expenses = R 1 700.71 Cashflow positive.


Gross Yield: 30% at R 3 750.00 rental income and R 150 000.00 cash offer.


Would you like to make an offer on this property?


Address: 15 Primrose Terrace, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 998
  • Property Type Sectional Title
  • Property status Buy, Reduced Price
  • Rooms 0.5
  • Bedrooms 1
  • Bathrooms 1
  • Size 49 Sqm
  • Label R150 000.00
  • Number of flats in building: 443



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