New Carlington Ref 951

Sold

132 Claim Street, Hillbrow

951

Property ID

150 Sqm

Size

Bedrooms

Bathrooms

Description

Great Investment opportunity! New Carlington has a very good location in Hillbrow, as it is located close to BRT bus routes.

The building is in a good condition, but the lifts are currently not working. There are security guards at the entrance who strictly monitor access control.

There is a municipal debt and arrangements for settling the debt are in place.

New Carlington is currently not insured and the last auditing was done this year in February.

Investment makes money grow, to keep the income flow.

Standard Information

Number of flats in building: 60.

Size: 150 sqm.

Levy: R 1269.42 Managed by Camalb (011) 864 5050.

A spacious nicely tiled three bedroom flat with a main bedroom ensuite with an open balcony, an additional separate bathroom that consists of a bath, basin and a toilet. There are two large living areas that can be utilized as TV room and dining area, a separate kitchen with nice cupboards and an open balcony.

Rent

Their are currently tenants in the unit and the owner is receiving a rental income of R 7500.00 per month According to rental managers in the area a rental income between R 7 500.00 to R 7 800 p.m. can be achieved if the property is upgraded to their specifications.

Name	Type	Suburb	Distance
Highpoint Shopping Centre	Shopping Centre	Joubert Park	0.32 km.
Afro Combs College	Education	Joubert Park	0.37 km.
Progressive Primary School	Education	Joubert Park	0.98 km.

Calculations

Calculation:

Purchase with Bond (90%):

R 315 000.00 Bond at 10.00 %	=R 2 198.00 p.m.
Monthly Levy	=R 1 269.42 p.m.
Rental Management fee (if applicable)	=R 862.50 p.m.
Total	R 4 329.92 p.m.