Kings Langley Ref 975

975

Property ID

89 Sqm

Size

2

Bedrooms

1

Bathroom

Description

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!

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
Open on Google Maps
  • Property ID 975
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 2
  • Bathrooms 1
  • Size 89 Sqm
  • Label R220 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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