Tafelberg Ref: 971

Buy Reduced Price

971

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 statements. 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 shower, basin and toilet.

The unit is currently vacant. According to rental managers in the area the general rental income is between R2800.00 pm and R3000.00 p/m.

The unit is newly renovated and in excellent condition.

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 145 000.00 Bond at 7% =R 1 012.00 p.m.
  • Monthly Levy =R 477.51 p.m.
  • Rental Management fee (if applicable) =R 345.00 p.m.
  • Total =R 1 834.51 p.m.

 

R 3 000.00 rental income – R 1 834.51 expenses = R 1 165.49 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 477.51 pm
  • Rental Management fee (if applicable) =R 345.00 pm
  • TotalR 822.51 pm

R 3000.00 rental income – R 822.51 expenses = R 2177.49 Cash flow positive.

Gross Yield: 24.8% at R 3000.00 rental income and R 145 000.00 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: Hillbrow
Open on Google Maps
  • Property ID 971
  • Property Type Sectional Title
  • Property status Buy, Reduced Price
  • Bedrooms 1
  • Bathrooms 1
  • Size 38 Sqm
  • Label R145 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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