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: 46 sqm.
Levy: R 575.82 Managed by City Accommodations (011) 720 5334.
This is a bachelor unit with an enclosed balcony used as an additional bedroom. The unit is painted out with wooden flooring. The kitchen is tiled and there is a separate bathroom that consists of a bath, basin and toilet.
The owner is currently receiving R 2 500.00 p.m. According to the rental managers in the area a rental income between R 2 300.00 to R 2 500.00 p.m. can be achieved if the property is upgraded to their specifications.
The property is in a good condition with minimal maintenance required. 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 101 200.00 Bond at 10% | =R 879.00 p.m. |
| Monthly Levy | =R 575.82 p.m. |
| Rental Management fee (if applicable) | =R 287.50 p.m. |
| Total | R 1 742.32 p.m. |
R 2 500.00 rental income – R 1 742.32 expenses = R 757.68 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 575.82 p.m. |
| Rental Management fee (if applicable) | =R 287.50 p.m. |
| Total | R 863.32 p.m. |
R 2 500.00 rental income – R 863.32 expenses = R 1 636.68 Cashflow positive.
Gross Yield: 29.6% at R 2 500.00 rental income and R 101 200.00 cash offer.
