859
Property ID
44 Sqm
Size
1
Bedroom
1
Bathroom
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 3 300.00 rental income – R 2 384.50 expenses = R 915.50 Cash flow positive.
Purchase with Cash:
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.
