Inglenook Ref 903

2690

Property ID

53 Sqm

Size

1

Bedroom

1

Bathroom

Description

Inglenook is located in the upmarket area of Belle-Vue East which is the centre of attraction for investors.

There is a security company appointed 24/7 at the complex. The building is insured, and it is very well maintained.

The building is high in demand with residents due to the above outstanding features.

This is an investment not to be missed!

Number of flats in building: 46.

Size: 53 sqm.

Levy: R 711.00 pm. GAMAG Property (011) 900 1200

Original one-bedroom unit. The flat has a tiled bathroom consisting of a bath, basin and toilet. There is a separate tiled kitchen and the unit is carpeted.

The unit is currently vacant. According to rental managers in the area a rental income of between R4 000.00 pm and R4 400.00 pm can be achieved, if the property is upgraded to their specifications. Mamela is currently successfully managing similar units in this building for a rental of R4 200.00.

The unit is in a mild condition and requires paint work, tiling and general touch-ups. 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      
Police – SAPS Emergency Norwood 1.76 km.
Engen Services Yeoville 1.10 km.
Yeoville Boys Primary School Education Yeoville 1.83 km.

Calculation:

 

Purchase with Bond (90%):

 

R210 000.00 Bond at 7% =R 1 465.00 p.m.
Monthly Levy =R 711.00 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 2 659.00 p.m.


R 4 200.00 rental income – R 2 659.00 expenses = R 1 541.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 711.00 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 1 194.00 p.m.                      


R 4 200.00 rental income – R 1 194.00 expenses = R 3 006.00 Cashflow positive.

Gross Yield: 24% at R 4 200.00 rental income and R 210 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 33 Mons Street, Bellevue East
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Bellevue East
Open on Google Maps
  • Property ID 2690
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 53 Sqm
  • Label Invest
  • Number of flats in building: 46

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