St. Anthony Ref: 938

https://mamela.co.za/property/st.anthony-ref-938/

Property ID

66 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: 66 sqm.

Levy: R1 434.00 pm.

A spacious one-bedroom unit with a build in cupboards, together with a living room and a living area. One bathroom consisting of a bath, basin and toilet. There is a separate kitchen, and the unit has a working geyser with wooden floors.

The unit is currently tenanted, and the owner is receiving R 5 000.00 p.m. for rental.  Mamela Estates is also managing similar units in the building for a market related rental of R 5 000.00 p.m. According to rental managers in the area a rental income of between R 4 700.00 p.m. and R 5 000.00 p.m. can be achieved.

The unit is a good condition and requires general maintenance touch ups. 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 165 000.00 Bond at 7% =R 1 151.00 p.m.
Monthly Levy =R 1 434.00 p.m.
Rental Management fee (if applicable) =R 575.00 p.m.
Total R 3160.00 p.m.


R 5 000.00 rental income – R 3160.00 expenses = R 1840.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1434.00 p.m.
Rental Management fee (if applicable) =R 575.00 p.m.
Total R 2009.00 p.m.                      


R 5 000.00 rental income – R 2009.00 expenses = R 2991.00 Cashflow positive.

 

Gross Yield: 36.6% at R 5 000.00 rental income and R 165 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 64 Wolmarans Steer, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID https://mamela.co.za/property/st.anthony-ref-938/
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 66 Sqm

Contact

Ian

Property Agent
reception@mamela.co.za
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