Marble Arch Ref 841

Marble Arch Ref 841

841

Property ID

80 Sqm

Size

1

Bedroom

1

Bathroom

Description

Property is back on the market, urgent sale. Pristine property inside Joubert Park, the best building in town.

The building boasts security, audited financial statements, working lifts, great condition. Marble arch has a very strict caretaker that keeps the entire building as neat as new.

The building is located among great amenities in town especially BRT bus stations that leads to the Gautrain station. The building is currently insured and there is a common boiler on the building that supplies hot water for tenants.

Properties on this building are currently selling for R3 000.00 per m2.

This is an opportunity not to be missed!

Number of flats in building: 72.

Size: 80 sqm.

Levy: R 1863.20 Managed by Compeq. (011) 841 3400.

A spacious beautiful tiled one bedroom flat, kitchen with nice cupboard with a bathroom that consists of a bath, basin and toilet. There is one big living area which can be utilized as a bedroom. The kitchen is separate and there is an open balcony.

The rent is currently R 3 980.00. p.m. Mamela Estates is currently managing this unit. According to Mamela rental of between R 3980.00 p.m. and R 4200.00 p.m. is achievable should the property be upgraded to their specifications.

This property is in a good condition, though it will require minor maintenance. A fully detailed maintenance quote will be supplied to the successful purchaser.

No. According to the Body corporate 2 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance
Barnato Park High School Schools Yeoville

0.35 km.
Police – SAPS Emergency Services Hillbrow

0.47 km.
Engen Services Yeoville

0.24 km.

Calculation:

Purchase with Bond (90%):

R 190 000.00 Bond at 10.00 % =R 1650.19 pm
Monthly Levy =R 1863.20 pm
Rental Management fee (if applicable) =R 483.00 pm
Total =R 3996.39 pm

R4200.00 rental income – R 3996.39 expenses = R 203.61 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1863.20 pm
Rental Management fee (if applicable) =R 483.00 pm
Total = R2346.20 pm

R 4200.00 rental income – R 2346.70 expenses = R 1853.80 Cash-flow positive.

Gross Yield: 26.5% at R 4200.00 rental income and R 190 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 38 Goldreich Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2001
Open on Google Maps
  • Property ID 841
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 80 Sqm
  • Land area 5,135 SqFt
  • Label Invest

Contact

Ian

Property Agent
reception@mamela.co.za
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