Langton Hall Ref 981

981

Property ID

66 Sqm

Size

1

Bedroom

1

Bathroom

Description

Langton Halll is a well known building located in Hillbrow. This area is a favourite amongst investors and tenants.

Mamela is currently managing numerous units in the building and our investors are getting great return on their acquisitions.

This is an opportunity not to be missed!

The unit is 66 sqm

Levies: R 1 464.84

Big One Bedroom unit with a separated bathroom,separated toilet and a separated Kitchen

The unit has a living room and a open Balcony.

The Unit is currently vacant but according to rental managers in the area the potential rent of R4 000.00 to R4 300.00 can be achieved if the unit is up to standard.

The unit needs a lot of maintenance, in order for the rental amount to be R4 300.00

A detailed maintenance quote will be supplied to the successful buyer.

No. According to the Body Corporate, 4 people may reside per unit.

Name Type Suburb Distance      
SPAR Shops Hillbrow 0.17 km.
Netcare Rand Hospital Emergency Berea 0.37 km.
Engen Services Hillbrow 0.11 km

Calculation:

 

Purchase with Bond (90%):

 R155 000.00 Bond at 7% =R 1 082.00 p.m.
Monthly Levy =R 1 464.84 p.m.
Rental Management fee (if applicable) =R 494.50 p.m.
Total R 3 041.34 p.m.


R 4 300.00 rental income – R 3 041.34 expenses = R 1 258.66 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 464.84 p.m.
Rental Management fee (if applicable) =R 494.50 p.m.
Total R 1 959.34 p.m.                      


R 4 300.00 rental income – R 1 959.34 expenses = R 2 340.66 Cashflow positive.

 

Gross Yield: 33% at R 4 300.00 rental income and R 155 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 45 Goldreich Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
Open on Google Maps
  • Property ID 981
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 66 Sqm
  • Label R155 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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