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!
Description
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
- Property ID 990
- Property Type Sectional Title
- Property status Buy
- Rooms 1
- Bedrooms 1
- Bathrooms 1
- Size 61 Sqm
- Label R120 000.00
Contact
