https://mamela.co.za/property/st.anthony-ref-938/
Property ID
66 Sqm
Size
1
Bedroom
1
Bathroom
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.
