Tafelberg Ref: 936

936

Property ID

38 Sqm

Size

1

Bedroom

1

Bathroom

Description

Tafelberg is located in Banket Street, Joubert Park. This area is a favorite amongst investors and tenants. The block has audited financial statement for 2019. The building is located close to the Netcare Rand Hospital, the SAPS and many schools and shops.
A sound investment indeed!

Number of flats in building: 89.

Size: 38 sqm.

Levy: R 477.51 pm. City Accommodations (011) 720 5334

Original one-bedroom unit. The apartment has a separate bathroom consisting of a bath, basin and toilet. The kitchen is also separated with build in cupboards and a geyser. The unit also has an open balcony.

The owner is currently receiving a rent income of R2300.00. According to rental managers in the area the general rental income is between R3000.00 pm and R3200.00 p/m.

The unit is in a good condition and requires general maintenance.A detailed maintenance quote can be supplied to the successful buyer on request.

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

Closest Amenities:

 

Name Type Suburb Distance      
Police – SAPS Emergency Hillbrow 0.63 km.
Engen Services Hillview 0.44 km.
McDonalds Shops Hillbrow 0.25 km.

Calculation:

 

Purchase with Bond (90%):

 

R 115 000.00 Bond at 7% =R 802.00 p.m.
Monthly Levy =R 477.51 p.m.
Rental Management fee (if applicable) =R 264.50 p.m.
Total R 1 544.01 p.m.


R 2 300.00 rental income – R 1 544.01 expenses = R 755.99 Cashflow positive.

Purchase with Cash

 

Monthly Levy =R 477.51 p.m.
Rental Management fee (if applicable) =R 264.50 p.m.
Total R 742.01 p.m.                      


R 2 300.00 rental income – R 742.01 expenses = R 1 557.99 Cashflow positive.

 

Gross Yield: 24.00 % at R 2 300.00 rental income and R 120 000.00 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 936
  • Property Type Sectional Title
  • Property status Under Offer
  • Bedrooms 1
  • Bathrooms 1
  • Size 38 Sqm
  • Label R115 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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