842
Property ID
81 Sqm
Size
2
Bedrooms
1
Bathroom
Secure block centrally located in Hillbrow, close to the BRT taxi routes and the Hillbrow CBD.
Mamela has sold to investors units in this building in the past, who are now reaping the rewards of a cashflow positive investment in this popular block.
Roseacres is in a very good condition and consists of solid building management, working lifts and good 24 hour security. The building is insured.
Number of flats in building: 41.
Size: 81sqm.
Levy: R 880.67 Managed by Tupa. (011) 435 6210
Spacious two-bedroom one-bathroom flat, large living area, separate kitchen with steel cabinets. The bathroom consists of a bath, basin and a separate toilet. There’s an open balcony.
The owner is currently receiving R4 200.00 p.m. According to rental managers in the area a rental income of between R 4 200 p.m. and R 4 500.00 p.m. can be achieved if the property is upgraded to their specifications. Mamela is currently successfully managing properties in the scheme.
The unit is in a good condition, though the geyser needs to be replaced.
General cosmetic maintenance will be required for the unit. A fully detailed maintenance quote will be supplied to the successful purchaser.
Yes. According to the Body corporate 6 people may stay in the unit.
Closest Amenities:
|
Name |
Type |
Suburb |
Distance |
| Research Centre | Medical | Joubert Park |
0.32 km. |
| Roedean School | Education | Parktown |
0.96 km. |
| Nedbank Plaza | Shopping Centre | Hillbrow |
0.32 km. |
Calculation:
Purchase with Bond (90%):
R 4500.00 rental income – R 3186.96 expenses = R 1313.04 Cash flow positive.
Purchase with Cash:
R 4500.00 rental income – R 1449.92 expenses = R 3050.08 Cash-flow positive.
Gross Yield: 27% at R 4500.00 rental income and R 200 000.00 cash offer.
