Tafelberg Ref 884

884

Property ID

46 Sqm

Size

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: 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.

 

Would you like to make an offer on this property?

Address

Address: 82 Banket Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 884
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bathrooms 1
  • Size 46 Sqm
  • Label Invest
  • Number of flats in building: 89

Contact

Ian

Property Agent
reception@mamela.co.za
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