Mount Verna Ref 948

948

Property ID

80 Sqm

Size

2

Bedrooms

1

Bathroom

Description

Mount Verna is situated in Yeoville. The block is very popular amongst residents due to its proximity to all amenities including Yeoville Police SAPS and Africa International Private School.

Mamela Estates is currently managing a number of flats for investments in this building.

A sound opportunity not to be missed!

Number of flats in building: 26.

Size: 80 sqm.

Levy: R 1214.00 pm.

A spacious two bedroom unit with a bathroom that consist of a bath, basin and a toilet. There is a large living area. The kitchen is separate, and the unit has an open balcony. 

There is currently no tenant in the unit. According to the rental agents a rental income of between R 4 800.00 pm. and R 5 400.00 pm. can be achieved should all the required maintenance be completed. 

The unit is in a fair condition and requires maintenance to be done, e.g. plastering of bathroom as well as in the bedrooms and painting of unit. A detailed maintenance quotation will be supplied to the successful buyer. 

No, according to the Body Corporate only 7 people may stay in the unit. 

Closest Amenities :

 

Name Type   Suburb Distance      
Yeoville Recreation Centre Recreation Yeoville 0.49 km.
Netcare – Rand Hospital Emergency Service Berea 0.94 km.
Yeoville Boys’ Primary School Education Yeoville 0.33 km.

 

Calculation:


Purchase with Bond (90%):

 

R 165 000.00 Bond at 7% =R 1 151.00 p.m.
Monthly Levy =R 1 214.00 p.m.
Rental Management fee (if applicable) =R 575.00 p.m.
Total R 2 940.00 p.m.


R 5 000.00 rental income – R 2 940.00 expenses = R 2 060.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 214.00 p.m.
Rental Management fee (if applicable) =R 575.00 p.m.
Total R  1 789.00.00 p.m.                      


R 5 000.00 rental income – R 1 789.00 expenses = R 3 211.00 Cashflow positive.

 

Gross Yield: 36% at R 5 000.00 rental income and R 165 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 18 Grafton Road, Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
Open on Google Maps
  • Property ID 948
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 2
  • Bathrooms 1
  • Size 80 Sqm
  • Label R165 000.00
  • Number of flats in building: 26

Contact

Ian

Property Agent
reception@mamela.co.za
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