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