Sunnycrest Ref 982

Buy Reduced Price

982

Property ID

76 Sqm

Size

1

Bedroom

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: 76 sqm.

Levy: R 1 013.06 pm. PAL Property Management (011) 472 7226

Original one bedroom flat that consists of the following: Separated kitchen with a gas stove and cupboards, separate bathroom and a separated toilet. a big living room and a main bedroom.

The unit will be vacant upon registration. According to rental managers in the area a rental income of between R4 000.00 pm and R4 500.00 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%):

 

R250 000.00 Bond at 7% =R 1 675.00 p.m.
Monthly Levy =R 1 013.06 p.m.
Rental Management fee (if applicable) =R 517.50 p.m.
Total R 3 205.56 p.m.


R 4 500.00 rental income – R 3 205.56 expenses = R 1 294.44 Cashflow positive. 

 

Purchase with Cash:

 

Monthly Levy =R 1 013.60 p.m.
Rental Management fee (if applicable) =R 517.50 p.m.
Total R 1 531.10 p.m.                      


R 4 500.00 rental income – R 1 531.10 expenses = R 2 968.90 Cashflow positive.

Gross Yield: 22.5% at R 4 500.00 rental income and R 240 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 75 Quartz Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 982
  • Property Type Sectional Title
  • Property status Buy, Reduced Price
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 76 Sqm
  • Label R240 000.00
  • Number of flats in building: 60

Contact

Ian

Property Agent
reception@mamela.co.za
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