St Anthony Ref 866

866

Property ID

81 Sqm

Size

1

Bedroom

1

Bathroom

Description

St Anthony is in Joubert Park, Johannesburg close to Eden Park Primary School & Park Central Shopping centre.

The block has shown stability over the past few years as investors are enjoying a comfortable rental return on their investments.  The block is also located right in front of a BRT bus station in Wolmarans street.

A great opportunity with a great return!

Number of flats in building: 50.

Size: 81 sqm.

Levy: R1 169.76 pm. Managed by St. Anthony Body Corporate 083 711 7677.

A one bedroom flat, with separate living area, subdivided into a 2 bedroom unit with 5 sleeping stations. There is a separate kitchen and a separate bathroom consisting of a bath, basin and toilet. The unit is equipped with a geyser and a prepaid meter.

The unit is currently tenanted, and the owner is receiving R 5 500.00 p.m. for rental.  Mamela Estates is also managing similar units in the building. According to rental managers in the area a rental income of between R 4 500.00 p.m. and R 5 500.00 p.m. can be achieved, if the property is upgraded to their specifications. 

The flat is in an average condition. In order to keep the tenant for this high rental, there is maintenance that needs attention.  Items specified includes loose wooden tiles, painting of the ceiling, kitchen, bathroom and bedroom needs to be done.  The bathroom needs attention.  A detailed maintenance quote will be supplied to the successful investor.

Yes. According to the Body Corporate up to 6 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance    
Netcare – Rand Hospital Emergency Services Joubert Park 1.01 km.
Eden Park Primary School School Joubert Park 0.07 km.
Park Central Shops/Entertainment Joubert Park 0.46 km.

Calculation:

Purchase with Bond (90%):

 

R 185 000 Bond at 10.25 % =R 1 634.00 p.m.
Monthly Levy =R 1 169.76 p.m.
Rental Management fee (if applicable) =R 632.50 p.m.
Total R 3 436.26 p.m.


R 5 500.00 rental income – R 3 436.26 expenses = R 2 063.74 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 169.76 p.m.
Rental Management fee (if applicable) =R 632.50 p.m.
Total R 1 802.26 p.m.                       


R 5 500.00 rental income – R 1 802.26 expenses = R 3 697.74 Cashflow positive.

Gross Yield: 35.67% at R 5 500.00 rental income and R 185 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 64 Wolmarans Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 866
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 81 Sqm
  • Label Invest
  • Number of flats in building: 50

Contact

Ian

Property Agent
reception@mamela.co.za
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