Tafelberg Ref: 960

960

Property ID

42 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: 42 sqm.

Levy: R 526.67 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. The unit also has an open balcony.

The unit is currently vacant. According to rental managers in the area the general rental income is between R2800.00 pm and R3100.00 p/m.

The unit is below standard and needs 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 130 000.00 Bond at 7% =R 907.00 p.m.
  • Monthly Levy =R 526.67 p.m.
  • Rental Management fee (if applicable) =R 345.00 p.m.
  • Total =R 1778.67 p.m.

 

R 3 000.00 rental income – R 1778.67 expenses = R 1221.33 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 526.67 pm
  • Rental Management fee (if applicable) =R 345.00 pm
  • TotalR 871.67 pm

R 3000.00 rental income – R 871.67 expenses = R 2128.33 Cash flow positive.

Gross Yield: 27.6% at R 3000.00 rental income and R 130 000.00 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 960
  • Property Type Sectional Title
  • Property status Under Offer
  • Bedrooms 1
  • Bathrooms 1
  • Size 42 Sqm
  • Label R130 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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