1015
Property ID
49 Sqm
Size
1
Bedroom
1
Bathroom
Queen Anne is perfectly located in Bruce Street, a prominent BRT route that leads to the main Gautrain station.
This is a very attractive building that is popular to tenants due to the location and the features.
The security of Queen Anne is top of the range, as there is a biometric turn style access system, CCTV camera and security guards on duty at the main entrance.
A sound investment, indeed!
Number of flats in building: 150.
Size: 49 sqm.
Original one-bedroom unit. The flat has a separate neatly tiled bathroom consisting of a bath, basin and toilet. The kitchen is also separate with built-in cupboards. The unit has an open balcony and a spacious living area. This unit also has a geyser.
The unit is currently vacant. According to rental managers in the area, a rental income of between R 3 500.00 p.m. and R 4 000.00 p.m. can be achieved, if the property is upgraded to their specifications.
Newly renovated unit in pristine condition. No maintenance needed.
No. According to the Body Corporate, 4 people may reside in the unit.
Closest Amenities:
| Name | Type | Suburb | Distance |
| Netcare Rand Hospital | Emergency | Hillbrow | 0.23 km. |
| Engen | Services | Hillbrow | 0.32 km. |
| SPAR | Shops | Hillbrow | 0.10 km. |
Calculation:
Purchase with Bond (90%):
| R156 800.00 Bond at 8.25% | =R 1 202.00 p.m. |
| Monthly Levy | =R 720.32 p.m. |
| Rental Management fee (if applicable) | =R 441.60 p.m. |
| Total | R 2 363.92 p.m. |
R 3 840.00 rental income – R 2 363.92 expenses = R 1 476.08 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 720.32 p.m. |
| Rental Management fee (if applicable) | =R 441.60 p.m. |
| Total | R 1 161.92 p.m. |
R 3 840.00 rental income – R 1 161.92 expenses = R 2 678.08 Cashflow positive.
Gross Yield: 29.3% at R 3 840.00 rental income and R 156 800.00 cash offer.
