The building is located among great amenities Yeoville Johannesburg. Pristine Location! This is an opportunity not to be missed!
Pasadena Ref 205
1012
Property ID
53 Sqm
Size
1
Bedroom
1
Bathroom
Description
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
- 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
