Lofts @ 66 Ref 992

992

Property ID

27 Sqm

Size

1

Bedroom

1

Bathroom

Description

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!

The unit is 27 sqm

Levies: R735.00

Bachelor unit 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 unit is currently occupied and the owner is receiving R2750.00

The unit is in good condition but might need slight maintenance. 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      
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%):

 R160 000.00 Bond at 7% =R 1 138.00 p.m.
Monthly Levy =R 735.00 p.m.
Rental Management fee (if applicable) =R 316.25 p.m.
Total R 2 189.25 p.m.


R 2 750.00 rental income – R 2 189.25 expenses = R 560.75 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 735.00 p.m.
Rental Management fee (if applicable) =R 316.25 p.m.
Total R 1 051.25 p.m.                      


R 2 750.00 rental income – R 1 051.25 expenses = R 1 698.75 Cashflow positive.

 

Gross Yield: 20% at R 2 750.00 rental income and R 160 000.00 cash offer.

 

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 992
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 27 Sqm
  • Label R160 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
Other Properties

Similar Properties