The Hatch Ref 923

923

Property ID

56 Sqm

Size

1

Bathroom

Description

The Hatch is a well-known building located in Bellevue East. This area is a favourite amongst investors and tenants.

The block is insured and has audited financial statement for 2019.

The building is located in an upmarket area of Bellevue East which is the center of attraction for investors.

A sound investment indeed!

Number of flats in building: 23.

Size: 46 sqm.

Levy: R 514.65 pm. Letcor Property Management (011) 403 0701

Original bachelor unit. The apartment has a separate bathroom consisting of a bath, basin and toilet. The kitchen is also separated with neat built in cupboards. The unit has a spacious living are. The unit is neatly tiled and newly painted. There is also an enclosed balcony.

The unit is currently vacant. According to rental managers in the area the general rental income is between R3 200.00 pm and R3 500.00 p/m, if the property is upgraded to their specifications.

The unit is in a good condition with no maintenance required at this time. There is no stove in the apartment. 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 Yeoville 0.52 km.
Engen Services Yeoville 0.68 km.
John Chinedu Supermarket Shops Yeoville 0.26 km.

 

Calculation:

 

Purchase with Bond (90%):

 

R160 000.00 Bond at 7% =R 1 116.00 p.m.
Monthly Levy =R 514.65 p.m.
Rental Management fee (if applicable) =R 402.50 p.m.
Total R 2 033.15 p.m.


R 3 500.00 rental income – R 2 033.15 expenses = R 1 466.85 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 514.65 p.m.
Rental Management fee (if applicable) =R 402.50 p.m.
Total R 917.15 p.m.                      


R 3 500.00 rental income – R 917.15 expenses = R 2 582.85 Cashflow positive.

 

Gross Yield: 26% at R 3 500.00 rental income and R 160 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 113 Becker Street, Bellevue East
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Bellevue East
Open on Google Maps
  • Property ID 923
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bathrooms 1
  • Size 56 Sqm
  • Number of flats in building: 23

Contact

Ian

Property Agent
reception@mamela.co.za
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