Tribeca lofts Ref 989

989

Property ID

33 Sqm

Size

1

Bedroom

1

Bathroom

Description

Tribeca Lofts is a well-known building located in Johannesburg center . This area is a favourite amongst investors and tenants.

Mamela is currently managing numerous units in the building and our investors are getting great return on their acquisitions.

This is an opportunity not to be missed!

The unit is 33 sqm

Levies: R945.00

Big Bachelor unit with a separated bathroom with a geyser, basin, toilet and bath. There is a living area and kitchen combination and the living condition is good.

The unit is currently occupied and the owner is receiving R2950.00

The unit needs slight maintenance. A detailed maintenance quote will be supplied to the successful buyer.

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

Name Type Suburb Distance      
Shopping centre Shops JHB CBD 0.17 km.
Saint Enda’s Secondary School Education JHB CBD 0.37 km.
Police SAPS – Bank City Emergency Services JHB CBD 0.94 km.

Calculation:

 

Purchase with Bond (90%):

 R175 000.00 Bond at 7% =R 1 221.00 p.m.
Monthly Levy =R 945.00 p.m.
Rental Management fee (if applicable) =R 339.25 p.m.
Total R 2 505.25 p.m.


R 2 950.00 rental income – R 2 505.25 expenses = R 444.75 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 945.00 p.m.
Rental Management fee (if applicable) =R 339.25 p.m.
Total R 1 284.25 p.m.                      


R 2 950.00 rental income – R 1 284.25 expenses = R 1 665.75 Cashflow positive.

 

Gross Yield: 20% at R 2 950.00 rental income and R 175 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 100 Eloff Street
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
Open on Google Maps
  • Property ID 989
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 33 Sqm
  • Label R175 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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