Kings Langley is a well known building located in Hillbrow. This area is a favourite amongst investors and tenants.
This is an opportunity not to be missed!
Description
Size: 89 sqm.
Levy: R 1 843.80 pm.
This is a two bedroom unit that consists of the following:
Separated kitchen with a geyser and cupboards, separated bathroom with a bath and basin, separate toilet, Closed living room that can be utilized as a third bedroom..
The unit is currently occupied.
According to rental managers in the area a rental income of between R5 000.00 pm and R 5 500.00 pm can be achieved, if the property is upgraded to their specifications.
Please Note: This unit will be vacant on registration.
This unit needs maintenance, a detailed maintenance quote will be supplied to the successful buyer.
No. According to the Body Corporate, 4 people may reside in the unit.
| Name | Type | Suburb | Distance |
| Netcare Rand Hospital | Emergency | Hillbrow | 0.23 km. |
| Engen | Services | Hillbrow | 0.32 km. |
| SPAR | Shops | Hillbrow | 0.10 km. |
Calculation:
Purchase with Bond (90%):
| R220 000.00 Bond at 7% | =R 1 535.00 p.m. |
| Monthly Levy | =R 1 843.80 p.m. |
| Rental Management fee (if applicable) | =R 556.32 p.m. |
| Total | R 3 935.12 p.m. |
R 5 500.00 rental income – R 3 935.12 expenses = R 1 564.87 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 1 771.00 p.m. |
| Rental Management fee (if applicable) | =R 556.32 p.m. |
| Total | R 2 327.32 p.m. |
R 5 500.00 rental income – R 2 327.32 expenses = R 3 172.68 Cashflow positive.
Gross Yield: 30% at R5 500.00 rental income and R 220 000.00 cash offer.
Would you like to make an offer on this property?
Address
Address:
149 Quartz street
- Country: South Africa
- Province / State: Gauteng
- City / Town: Johannesburg
- Neighborhood: Hillbrow
- Property ID 975
- Property Type Sectional Title
- Property status Buy
- Rooms 1
- Bedrooms 2
- Bathrooms 1
- Size 89 Sqm
- Label R220 000.00
Contact
