Park Court Ref 990

990

Property ID

61 Sqm

Size

1

Bedroom

1

Bathroom

Description

Park court is a well known building located in Joubert park.

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 61 sqm

Levies: R566.30

Big one bedroom unit with a separated bathroom with a geyser, basin, toilet and bath. There is a living area and kitchen combination and the unit has a small enclosed balcony

The unit is currently vacant but according to rental managers in the area the ideal rental income is between R3000.00 and R3550.00

The unit needs 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      
Total Joubert Park Fuel Joubert Park 0.22 km.
Twist street Medi Clinic Hospital Joubert Park 0.72 km.
Police Station Hillbrow Emergency Services Hillbrow 0.83 km.

Calculation:

 

Purchase with Bond (90%):

 R120 000.00 Bond at 7% =R 854.00 p.m.
Monthly Levy =R 566.30 p.m.
Rental Management fee (if applicable) =R 411.70 p.m.
Total R 1 822.00 p.m.


R 3580.00 rental income – R 1 822.00 expenses = R 1 758.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 566.30 p.m.
Rental Management fee (if applicable) =R 411.70 p.m.
Total R 968.00 p.m.                      


R 3 580.00 rental income – R 968.00 expenses = R 2 612.00 Cashflow positive.

 

Gross Yield: 36% at R 3 850.00 rental income and R 120 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 48 Twist street Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
Open on Google Maps
  • Property ID 990
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 61 Sqm
  • Label R120 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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