Sedgefield is a well known building in Johannesburg.
Mamela is currently managing numerous units in the building and our investors are getting great return on their acquisitions.
This is an opportunity not to be missed!
Description
The unit is 74 sqm
Levies: R1 041.84
Big one bedroom unit with a separated bathroom with a geyser, basin, toilet and bath. There is a living area and kitchen combination and the unit has a small balcony
The unit is currentlyoccupied for R4000.00 according to rental managers in the area the ideal rental income is between R3500.00 and R4000.00
The unit needs maintenance. A detailed maintenance quote will be supplied to the successful buyer.
No. According to the Body Corporate, 4 people may reside per unit.
| Name | Type | Suburb | Distance |
| Total Joubert Park | Fuel | Joubert Park | 0.22 km. |
| Twist street Medi Clinic | Hospital | Joubert Park | 0.72 km. |
| Police Station Hillbrow | Emergency Services | Hillbrow | 0.83 km. |
Calculation:
Purchase with Bond (90%):
| R160 000.00 Bond at 7% | =R 1 182.00 p.m. |
| Monthly Levy | =R 1 041.84 p.m. |
| Rental Management fee (if applicable) | =R 460.00 p.m. |
| Total | R 2 683.84 p.m. |
R 4000.00 rental income – R 2 683.84 expenses = R 1 316.16 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 1 041.84 p.m. |
| Rental Management fee (if applicable) | =R 460.00 p.m. |
| Total | R 1501.84 p.m. |
R 4000.00 rental income – R 1501.84 expenses = R 2 498.16 Cashflow positive.
Gross Yield: 30% at R 4 000.00 rental income and R 160 000.00 cash offer.
Address
Address:
40 Leyds street, Hillbrow
- Country: South Africa
- Province / State: Gauteng
- City / Town: Johannesburg
- Neighborhood: Hillbrow
- Property ID 991
- Property Type Sectional Title
- Property status Buy
- Rooms 1
- Bedrooms 1
- Bathrooms 1
- Size 74 Sqm
- Label R160 000.00
Contact
