1009
Property ID
240 Sqm
Size
3
Bedrooms
1
Bathroom
Tygerberg is located in Hadfield Road, Berea. This area is a favourite amongst investors and tenants.
The block has audited financial statement for 2021
The building is insured and has private security which is a great bonus.
A sound investment indeed!
Number of flats in building: 228.
Size: 240 sqm.
Levy: R 3 699.12 pm. PAL Property Management (011) 472 7226
Three Bedroom unit for sale in the Tygerberg building. the Unit has a Big Master bedroom and two smaller bedrooms, a big kitchen with enough cupboard space, a balcony and a bathroom that consists of a shower, basin and toilet.
The current owner is receiving R 7 000.00 p/m. According to rental managers in the area the general rental income is between R6 500.00 pm and R8 000.00 p/m, if the property is upgraded to their specifications.
The unit is in need of slight 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 | 1.12 km. |
| BP Garage | Services | Doornfontein | 0.18 km. |
| Berea Take Aways | Shops | Berea | 0.29 km. |
Calculations
Purchase with Bond (90%):
R 7 000.00 rental income – R 7 532.12 expenses = R -532.12 Cash flow negative
Purchase with Cash:
R 7 000.00 rental income – R 4 771.12 expenses = R 2 28.88 Cash-flow positive.
Gross Yield: 23.3% at R 7 000.00 rental income and R 360 000.00 cash offer.
