Pasadena Ref 205

1012

Property ID

53 Sqm

Size

1

Bedroom

1

Bathroom

Description

The building is located among great amenities Yeoville Johannesburg. Pristine Location! This is an opportunity not to be missed!

Size: 53 sqm.

Levy: R 1 067-14 P.m.

A newly renovated one bedroom flat, spacious lounge, separate kitchen with nice cupboards with a bathroom that consists of a bath,shower, basin and toilet.

The unit is currently Being rented for R 4 000-00. According to other rental agents, rental of between R 4 000-00 p.m. and R 5 000-00 p.m. is achievable.

This property is in a good condition. Newly renovated – a detailed maintenance quote will be provided to the successful buyer.

No. According to the Body corporate 2 – 4  people may stay in the unit.

Closest Amenities:

Eden Park Primary School         School             Yeoville                   0.23km

Netcare Rand Hospital                Hospital          Yeoville                   0.91km

Engen Yeoville Motors                 Fuel               Filling station           0.36km

Calculation:

 

Purchase with Bond (90%):

 

R173 000.00 Bond at 8.25% =R 1 327-00 p.m.
Monthly Levy =R 1 067-14 p.m.
Rental Management fee (if applicable) =R 460-00 p.m.
Total   R 2 854-14 p.m.


R 4 000-00 rental income – R 2 854.14 expenses = R 1 145-86 Cash flow positive.

Purchase with Cash:

 

Monthly Levy =R 1 067-14 p.m.
Rental Management fee (if applicable) =R  460-00 p.m.
Total R 1 527-14 p.m.                      

 

R 4 000.00 rental income – R 1 527-14 expenses = R 2 472-86 Cash flow positive.

 

Gross Yield: 27.7% at R4 000-00 rental income and R173 000-00 cash offer.

Address

Address: 1 Griffon Road, Yeoville, Johannesburg
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
  • Postal code / ZIP: 2001
Open on Google Maps
  • Property ID 1012
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 53 Sqm
  • Label R 173 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
Other Properties

Compare