Sunnycrest Ref 972

Buy Reduced Price

972

Property ID

97 Sqm

Size

3

Bedrooms

1

Bathroom

Description

Great Investment opportunity! Sunnycrest is located on Quartz Street in Joubert Park.

The building is well maintained with in-house security and working lifts.

An opportunity not to be missed.

Number of flats in building: 60.

Size: 97 sqm.

Levy: R 1 257.86 pm. PAL Property Management (011) 472 7226

Original two-bedroom unit that was converted into a three bedroom unit. The flat has a bathroom consisting of a bath, basin and separate toilet. The kitchen is equipped with cupboards. There is an open balcony and a spacious living area.

The unit is currently Vacant. According to rental managers in the area a rental income of between R5 800.00 pm and R6 000.00 pm can be achieved, as we are managing units of the same size in this building, if the property is upgraded to their specifications.

The unit is in a good condition and requires some paint work and minimal touch-ups. A detailed maintenance quote will be supplied to the successful buyer. 

No. According to the Body Corporate, 4 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance      
Police – SAPS Emergency Yeoville 0.54 km.
Engen Services Yeoville 0.64 km.
Yeoville Boys Primary School Education Yeoville 0.83 km.

Calculation:

Purchase with Bond (90%):

 

R300 000.00 Bond at 7% =R 2 093.00 p.m.
Monthly Levy =R 1 257.86 p.m.
Rental Management fee (if applicable) =R 667.00 p.m.
Total R 4 017.86 p.m.


R 5 800.00 rental income – R 4 017.86 expenses = R 1 782.14 Cashflow positive. 

 

Purchase with Cash:

 

Monthly Levy =R 1 257.86 p.m.
Rental Management fee (if applicable) =R 667.00 p.m.
Total R 1 924.86 p.m.                      


R 5 800.00 rental income – R 1 924.86 expenses = R 3 875.14 Cashflow positive.

Gross Yield: 23.2% at R 5 800.00 rental income and R 300 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 73 Quartz Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 972
  • Property Type Sectional Title
  • Property status Buy, Reduced Price
  • Rooms 1
  • Bedrooms 3
  • Bathrooms 1
  • Size 97 Sqm
  • Label R300 000.00
  • Number of flats in building: 60

Contact

Ian

Property Agent
reception@mamela.co.za
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