A spacious one bedroom unit for sale with a separated kitchen with build in cupboards, separated bathroom with a bath basin and toilet.
The unit also has a big living area that can be utilized as a bedroom.

The unit is currently occupied and the rental amount is R4 000.00. According to rental agents, rental of between R 3 500.00 p.m. and R 4 500.00 p.m. is achievable should the property be upgraded to their specifications.

The property is in good condition but needs slight maintenance. A detailed maintenance quote will be supplied to the successful buyer.

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

Closest Amenities:
Engen Hillview Service Station    Fuel                               Hillborw                   0.29km

Hillbrow Police Station                Emergency Services     Hillbrow                   0.5km

Highpoint Shopping Centre         Shops                           Hillbrow                  0.36km

Calculation:

Purchase with Bond (90%):

R 195 000.00 Bond at  8.25 % =R1 495.00 pm
Monthly Levy =R 1534.84 pm
Rental Management fee (if applicable) =R 460.00 pm
Total =R 3 489.84 pm

R4 000.00 rental income – R3 489.84 expenses = R 510.16 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1 534.84 pm
Rental Management fee (if applicable) =R 460.00 pm
Total = R1 994.84 pm

R 4 000.00 rental income – R 1 994.84 expenses = R 2 005.16 Cash-flow positive.

Gross Yield: 24.6% at R 4000.00 rental income and R 195 000.00 cash offer.