St. Anthony Ref 949

949

Property ID

33 Sqm

Size

0.5

Bedrooms

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!

A sound opportunity not to be missed!

Number of flats in building: 50.

Size: 33 sqm.

Levy: R792.00 pm.

A spacious bachelor unit with a build in cupboards, together with a separate bathroom and a separate kitchen the unit has a working geyser with wooden floors.

The unit is currently tenanted, and the owner is receiving R 3 000.00 p.m. for rental.  Mamela Estates is also managing similar units in the building for a market related rental of R 3 000.00 p.m. According to rental managers in the area a rental income of between R 3 000.00 p.m. and R 3 200.00 p.m. can be achieved.

The unit is a fair condition and requires general maintenance e.g painting of unit. A detailed maintenance quote will be supplied to the successful investor.

No. According to the Body Corporate up to 4 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 130 000.00 Bond at 7% =R 907.00 p.m.
Monthly Levy =R 792.00 p.m.
Rental Management fee (if applicable) =R 345.00 p.m.
Total R 2 044.00 p.m.


R 3 000.00 rental income – R 2 044.00 expenses = R 956.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 792.00 p.m.
Rental Management fee (if applicable) =R 345.00 p.m.
Total R 1 137.00 p.m.                      


R 3 000.00 rental income – R 1 137.00 expenses = R 1 863.00 Cashflow positive.

 

Gross Yield: 27% at R 3 000.00 rental income and R 130 000.00 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
Open on Google Maps
  • Property ID 949
  • Property Type Sectional Title
  • Property status Under Offer
  • Bedrooms 0.5
  • Bathrooms 1
  • Size 33 Sqm
  • Label R130 000.00
  • Number of flats in building: 26

Contact

Ian

Property Agent
reception@mamela.co.za
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