Inglenook Ref 916

916

Property ID

49 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: 49 sqm.

Levy: R 664.36 pm. GAMAG Property (011) 900 1200

Original one-bedroom unit. The apartment has a separate bathroom consisting of a bath, basin and toilet. There is a separate kitchen with built in cupboards and an open balcony. There is also a walk in closet.

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 not in a good condition and requires paint work, tiling and replacement of cupboard doors and general electrical and plumbing work. 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%):

 

R190 000.00 Bond at 7% =R 1 326.00 p.m.
Monthly Levy =R 664.36 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 2 473.36 p.m.


R 4 200.00 rental income – R 2 473.36 expenses = R 1 726.64 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 664.36 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 1 147.36 p.m.                      


R 4 200.00 rental income – R 1 147.36 expenses = R 3 0 52.64 Cashflow positive.

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
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  • Property ID 916
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 49 Sqm
  • Number of flats in building: 46

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