Sedgefield Ref 991

991

Property ID

74 Sqm

Size

1

Bedroom

1

Bathroom

Description

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!

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 currently vacant but 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 1 138.00 p.m.
Monthly Levy =R 1 041.84 p.m.
Rental Management fee (if applicable) =R 460.00 p.m.
Total R 2639.84 p.m.


R 4000.00 rental income – R 2639.84 expenses = R 1 360.16 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.

 

Would you like to make an offer on this property?

Address

Address: 40 Leyds street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
Open on Google Maps
  • Property ID 991
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 74 Sqm
  • Label R160 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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