Reynard Hall Ref 996

996

Property ID

69 Sqm

Size

1

Bedroom

1

Bathroom

Description

Reynard Hall is one of the sectional title blocks in Hillbrow with exceptional potential and is favoured amongst investors and residents.

Mamela Estates is currently managing a number of flats for investments in this building.

A sound opportunity not to be missed!

Size: 69 sqm.

Levy: R1 246.20 pm.

One bedroom unit with a big living area and a separated bathroom with a bath, basin and toilet.

The unit is occupied for R4410.00p/m   According to rental managers in the area the general rental income is between R 4000.00 pm and R 5000.00 p/m, if the property is upgraded to their specifications.

The unit is in fair condition and needs slight maintenance. a detailed quote will be sent to the successful buyer.

No, according to the body corporate 4 people may reside in this unit.

Closest Amenities:

 

Name Type Suburb Distance    
Engen Hillview Service Station Filling Station Hillbrow 0.34 km.
Highpoint Shopping Centre Shops Hillbrow 0.35 km.
Berea Primary School School Hillbrow 0.2 km.

 

Calculation:

 

Purchase with Bond (90%):

 

R220 000.00 Bond at 7% =R 1 565.00 p.m.
Monthly Levy =R 1 246.20 p.m.
Rental Management fee (if applicable) =R 507.15 p.m.
Total R 3 318.35 p.m.


R 4 410.00 rental income – R 3 318.35
expenses = R 1 091.65 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 246.20
Rental Management Fee =R 507.15 p.m.
Total R 1 753.35 p.m

R 4 410.00 rental income – R 1 753.35 expenses = R 2 656.35 Cashflow positive.

 

Gross Yield: 24% at R 4 410.00 rental income and R 220 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 114 Banket Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
Open on Google Maps
  • Property ID 996
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 2
  • Bedrooms 1
  • Bathrooms 1
  • Size 69 Sqm
  • Label R220 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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