La Plagne Ref 997

997

Property ID

43 Sqm

Size

1

Bedroom

1

Bathroom

Description

La Plagne is one of the sectional title blocks in Yeoville with exceptional potential and is favoured amongst investors and residents.

Mamela Estates is currently managing a number of flats for investments in this building.

A sound opportunity not to be missed!

Size: 43 sqm.

Levy: R 810.48 pm.

One bedroom unit with a big living area and a separated bathroom with a bath, basin and toilet.

The unit is currently vacant. According to rental managers in the area the general rental income is between R 3300.00 pm and R 3600.00 p/m, if the property is upgraded to their specifications.

The unit is in fair condition and needs slight maintenance. a detailed quote will be sent to the successful buyer.

No, according to the body corporate 4 people may reside in this unit.

Closest Amenities:

 

Name Type Suburb Distance    
Engen Yeoville Motors Filling Station Yeoville 0.32 km.
Netcare Rand Hospital Hospital Yeoville 0.94 km.
Bellevue Primary and High School School Yeoville 0.26 km.

 

Calculation:

 

Purchase with Bond (90%):

 

R170 000.00 Bond at 7% =R 1 233.00 p.m.
Monthly Levy =R 810.48 p.m.
Rental Management fee (if applicable) =R 414.00 p.m.
Total R 2 457.48 p.m.


R 3 600.00
rental income – R 2457.48 expenses = R 1 142.52 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 810.48
Rental Management Fee =R 414.00 p.m.
Total R 1 224.00 p.m

R 3 600.00 rental income – R 1 224.00 expenses = R 2 376.00 Cashflow positive.

 

Gross Yield: 25% at R 3 600.00 rental income and R 170 000.00 cash offer.

 

Address

Address: 10 Hopkins Street, Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
Open on Google Maps
  • Property ID 997
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 2
  • Bedrooms 1
  • Bathrooms 1
  • Size 43 Sqm
  • Label R170 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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