Sausalito Ref 880

880

Property ID

88 Sqm

Size

1

Bedroom

1

Bathroom

Description

Sausalito is well maintained, and the building is insured by Old Mutual. Perfectly located on Raleigh Street and close to amenities such as the Netcare – Rand Hospital and a walking distance to Yeoville Recreation Centre.

The current financial statements are in process with the Auditors.
Bargain Property!

Number of flats in building: 12

Size: 88

Levy: R 864.38.00 pm Managed by Zulberg Estates  011 786 1119

One-bedroom unit with an en-suite bathroom that consist of a bath, basin and a toilet. There are two living areas with a bar unit and an outside braai area. There is a separate kitchen with a working geyser. The unit has pre-paid meters.

R3 800 is currently paid to the owner.  According to rental managers in the area a rental income of between R 3 800.00 p.m. to R 3 900.00 p.m. can be achieved, if the property is upgraded to their specifications.

The unit is in good condition though it needs some maintenance, the blinds, windows and some parts of the flooring needs attention. A detailed maintenance quote will be supplied to the successful buyer.

No. According to the Body Corporate 2 people may reside in the unit. 

Closest Amenities:

Name

Type

Suburb

Distance

Yeoville Boy’s Primary School Education Yeoville

0.30 km.

Fire Station Emergency Services Berea

1.03 km.

Netcare Rand Hospital Medical Yeoville

1.16 km.

Calculation:

Purchase with Bond (90%):

  • R 210 000.00 Bond at 10.25 % =R 1 855.00 p.m.
  • Monthly Levy =R 864.38 p.m.
  • Rental Management fee (if applicable) =R 448.50 p.m.
  • Total =R 3 167.88 p.m.

 

R 3 900.00 rental income – R 3 167.88 expenses = R 732.12 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 864.38 pm
  • Rental Management fee (if applicable) =R 448.50 pm
  • Total = R 1 312.88 pm


R 3 900.00 rental income – R 1 312.88 expenses = R 2 587.12 Cash-flow positive.

Gross Yield: 22.29% at R 3 900.00 rental income and R 210 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 37 Raleigh Street, Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 880
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 88 Sqm
  • Land area 708 SqFt
  • Label Invest
  • Number of flats in building: 12

Contact

Ian

Property Agent
reception@mamela.co.za
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