Queen Anne Ref 961

961

Property ID

51 Sqm

Size

1

Bedroom

1

Bathroom

Description

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: 51 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 4 000.00 p.m. and R 4 300.00 p.m. can be achieved, if the property is upgraded to their specifications. 

The unit is in a fair condition and requires some general painting. A detailed maintenance quote will be supplied to the successful buyer. 

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%):

 

R195 000.00 Bond at 7% =R 1 361.00 p.m.
Monthly Levy =R 732.56 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 2 576.56 p.m.


R 4 200.00 rental income – R 2 576.56 expenses = R 1 623.44 Cashflow positive. 


Purchase with Cash:

 

Monthly Levy =R 732.56 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 1 215.56 p.m.                      


R 4 200.00 rental income – R 1 215.56 expenses = R 2 984.44 Cashflow positive.


Gross Yield: 25.8% at R 4 200.00 rental income and R 195 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 13 Bruce Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
Open on Google Maps
  • Property ID 961
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 51 Sqm
  • Label R195 000.00
  • Number of flats in building: 150

Contact

Ian

Property Agent
reception@mamela.co.za
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