Tafelberg Ref 865

865

Property ID

42 Sqm

Size

1

Bedroom

1

Bathroom

Description

Due to the great and busy location of Hillbrow, Tafelberg is a very popular building!

Tafelberg is situated near amenities such as Highpoint Shopping Centre, SAPS, NETCARE Rand Hospital and many more.

Good location, great price, this is definitely a sound investment.

Number of flats in building: 89.

Size: 42 sqm.

Levy: R 526.67 Managed by City Accommodations (011) 720 5334.

Specs: Bachelor unit with a combined sleeping, living area and an open balcony with separate kitchen.  Separate bathroom that consists of a bath, basin and toilet as well as a geyser.

The property is currently vacant. According to the rental managers in the area a rental income of between R 2 400.00 p.m. to R 2 800.00 p.m. can be achieved, if the property is upgraded to their specifications.

Overall the property is in a good condition.  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
Eden Park Primary School Education Joubert Park 0.46 km.
McDonalds Entertainment Hillbrow   0.25 km.
Netcare Rand Hospital Emergency Services Joubert Park 0.58 km.

Calculation :

Purchase with Bond (90%):

R 96 000.00 Bond at 10.25 % =R 848.00 p.m.
Monthly Levy =R 526.67 p.m.
Rental Management fee (if applicable) =R 322 p.m.
Total R 1 696.67 p.m.

R 2 800.00 rental income – R 1 696.67 expenses = R 1 103.33 Cashflow positive.

Purchase with Cash:

Monthly Levy =R 526.67 p.m.
Rental Management fee (if applicable) =R 322 p.m.
Total R 848.67 p.m.

R 2 800.00 rental income – R 848.67 expenses = R 1 951.33 Cashflow positive.

Gross Yield: 35 % at R 2 800.00 rental income and R 96 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 70 Esselen Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 865
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 42 Sqm
  • Label Invest
  • Number of flats in building: 89

Contact

Ian

Property Agent
reception@mamela.co.za
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