Lofts @ 66 Ref 976

976

Property ID

39 Sqm

Size

1

Bedroom

1

Bathroom

Description

BULK SALE AVAILABLE:

Lofts 66 is a well-known building located in Johannesburg center . 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!

Unit 1: 39sqm – Levies -+R905.00

Unit 2: 39sqm – Levies -+ R1066.00

Unit 3: 39Sqm – Levies -+R1198.00

BULK SALE:

All 3x units are bachelor units with a separated bathroom with a geyser, basin, toilet and bath. There is a living area and kitchen combination and the living condition is good.

The units are all occupied.

Unit 1: R2500.00

Unit 2: R2500.00

Unit 3: R2800.00

These units are in good condition but 1 unit might need slight maintenance.

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

Name Type Suburb Distance      
Shopping centre Shops JHB CBD 0.17 km.
Saint Enda’s Secondary School Education JHB CBD 0.37 km.
Police SAPS – Bank City Emergency Services JHB CBD 0.94 km.

Calculation:

 

Purchase with Bond (90%):

 

R445 500.00 Bond at 7% =R 3 454.00 p.m.
Monthly Levy =R 3 169.00 p.m.
Rental Management fee (if applicable) =R 897.00 p.m.
Total R 7 520.00 p.m.


R 7 800 rental income – R 7 520.00 expenses = R 280.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 3 169.00 p.m.
Rental Management fee (if applicable) =R 897.00 p.m.
Total R 4 066.00 p.m.                      


R 7 800 rental income – R 4 066.00 expenses = R 3 734 Cashflow positive.

 

Gross Yield: 21% at R7 800.00 rental income and R 445 500.00 cash offer.

 

 PLEASE NOTE: THIS IS A BULK-SALE SO ALL CALCULATIONS WAS MADE ON ALL 3 UNITS COMBINED.

Would you like to make an offer on this property?

Address

Address: 135 Helen Joseph street
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
Open on Google Maps
  • Property ID 976
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 39 Sqm
  • Label R495 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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