Pontrialto Ref 990

990

Property ID

68 Sqm

Size

1

Bedroom

1

Bathroom

Description

Pontrialto is one of the sectional title blocks in Berea with exceptional potential.. A sound opportunity not to be missed!

Size: 68 sqm.

Levy: R 1 785-00 p.m.

This unique flat is a one bedroom flat and consists of the following features: spacious main bedroom, lounge, separated kitchen with built in cupboards and a geyser, bathroom with a bath basin and toilet, separate toilet, opened balcony.

The unit is currently occupied and rent is R 3 500-00 p.m. According to rental managers in the area the general rental income is between R 3 200-00 p.m. and R 4 000-00 p.m. if the property is upgraded to their specifications.

The unit is in fair condition and needs slight maintenance – a detailed maintenance quote will be sent to the successful buyer.

No, according to the body corporate 2 people may reside in this unit.

Closest Amenities:

 

Name   Type    Suburb   Distance    
BP Saratoga   Fuel station   Berea   0.57 km.
Police SAPS   Emergency   Hillbrow   0.76 km.
Highpoint   Shops   Hillbrow   0.57 km.

 

Calculation:

 

Purchase with Bond (90%):

 

R165 000-00 Bond at 8.25% =R 1 265-00 p.m.
Monthly Levy =R 1 785-00 p.m.
Rental Management fee (if applicable) =R 460-00 p.m.
Total   =R 3 510-00 p.m.

R 4 000-00 rental income – R 3 510-00 expenses = R 490-00 Cash flow positive. 

 
Purchase with Cash:

Monthly Levy =R 1 785-00 p.m.
Rental Management fee (if applicable) =R  460-00 p.m.
Total   =R 2 245-00 p.m.                      


R 4 000-00 rental income – R 2 245-00 expenses = R 1 755-00 Cash flow positive.

 

Gross Yield: 29.09% at R 4 000-00 rental income and R165 000-00 cash offer.

 

Address

Address: 39 Fife Avenue, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 990
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 68 Sqm
  • Label R 165 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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