Reynard Hall 858

858

Property ID

44 Sqm

Size

1

Bedroom

1

Bathroom

Description

Reynard Hall is a definite favourite amongst tenants due to it being a walking distance from emergency services, recreation, schools and the Hillbrow police station.

The building boasts of audited financial statements.

The lifts are working and the security is excellent with 24/7 security guards in the building and a working biometric system. Reynard Hall is insured by Van Flymen and Associates in Rosebank.

A sound investment indeed!

Number of flats in building: 148

Size: 44

Levy: R 790.00 pm. Reynard Hall Body Corporate  011 642 5323.

This is a bachelor flat consisting of a bath, basin and toilet. There is an open plan living area and a separate kitchen. The flat has a balcony that’s converted into a bedroom.

R 3 200.00 p.m. is currently being paid to the owner. According to rental managers in the area a rental income of between R 3 200.00 p.m. and R 3 300.00 p.m. can be achieved, if the property is upgraded to their specifications.

The flat is in an average condition. The tiling on the walls also needs to be replaced in certain areas and the taps needs attention. General cosmetic maintenance will be required. A detailed maintenance quotation will be supplied to the successful buyer.

No. According to the Body Corporate 3 people may reside in the unit. 

Closest Amenities:

Name

Type

Suburb

Distance

Parktown Primary School Education Parktown

0.88 km.

Highpoint Shopping Centre Shops Joubert Park

0.35 km.

Child Health Institute Medical Parktown

0.92 km.

Calculation:

Purchase with Bond (90%):

  • R 140 000.00 Bond at 10.00 % =R 1 215.00 p.m.
  • Monthly Levy =R 790.00 p.m.
  • Rental Management fee (if applicable) =R 379.50 p.m.
  • Total =R 2 384.50 p.m.

 

R 3 300.00 rental income – R 2 384.50 expenses = R 915.50 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 790.00 pm
  • Rental Management fee (if applicable) =R 379.50 pm
  • Total = R 1 169.50 pm


R 3 300.00 rental income – R 1 169.50 expenses = R 2 030.50 Cash-flow positive.

Gross Yield: 28.2% at R 3 300.00 rental income and R 140 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 114 Banket Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 858
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 44 Sqm
  • Land area 4,980 SqFt
  • Label Invest
  • Number of flats in building: 148

Contact

Ian

Property Agent
reception@mamela.co.za
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