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 33 sqm
Levies: R900.00
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 R2625.00 but according to rental managers in the area, the potential rental income is 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%):
| R155 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: 21% at R 2 750.00 rental income and R 155 000.00 cash offer.
