Sunnycrest 850

850

Property ID

76 Sqm

Size

1

Bedroom

1

Bathroom

Description

Sunnycrest is an excellent block and viewed by Mamela as a prime investment property.

The location and condition of Sunnycrest is one of the best in Joubert Park, as it is walking distance from the BRT bus station in Smith and Wolmarans Street that leads to the main Gautrain station.

This block will stimulate the investor with a medium to low risk appetite, with the advantage of the investment cashflow positive.

Mamela is currently managing a number of units in the building and the investors are getting great return on their acquisitions.

This building is insured and there’s audited financial statements.

It is the number one choice for the sought-after investor.

The building is insured. The building does have prepaid meters. Mamela is managing a number of units in this block.

Number of flats in building: 60.

Size: 76sqm.

Levy: R 1003.00 Managed by Pal Properties. (011) 472 7226

A spacious beautiful one bedroom flat with two living areas, full bathroom with bath, basin and a separate toilet. There is a separate kitchen with a gas stove and an open balcony.

The unit is currently empty. According to rental managers in the area a rental income of between R 4 200.00 to R 4 600.00 pm can be achieved if the property is upgraded to their specifications.

This property is in a good condition. General cosmetic maintenance will be required for the unit. A fully detailed maintenance quote will be supplied to the successful purchaser.

Yes. According to the Body corporate 3 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance

Afro Kombs College School Hillbrow

0.34 km.

Police SAPS – Hillbrow Emergency Services Hillbrow

0.60 km.

Rand Hospital – Netcare Emergency Services Joubert Park

0.81 km.

Calculation:

Purchase with Bond (90%):

  • R 185 000.00 Bond at 10.00 % =R 1606.76 p.m.
  • Monthly Levy =R 1003.00 p.m.
  • Rental Management fee (if applicable) =R 529.00 p.m.
  • Total =R 3138.76 p.m.

 

R 4600.00 rental income – R 3138.76 expenses = R 1461.24 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 1003.00 pm
  • Rental Management fee (if applicable) =R 529.00 pm
  • Total = R1532.00 pm


R 4600.00 rental income – R 1532.00 expenses = R 3068.00 Cash-flow positive.

Gross Yield: 29.8% at R 4600.00 rental income and R 185 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 73 Quartz Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 850
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 76 Sqm
  • Land area 4,921 SqFt
  • Label Invest
  • Number of flats in building: 50

Contact

Ian

Property Agent
reception@mamela.co.za
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