Tygerberg Ref 1009

1009

Property ID

240 Sqm

Size

3

Bedrooms

1

Bathroom

Description

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 360 000.00 Bond at 8.25% =R 2 761.00 p.m.
  • Monthly Levy =R 3 966.12 p.m.
  • Rental Management fee (if applicable) =R 805.00 p.m.
  • Total =R 7 532.12 p.m.

 

R 7 000.00 rental income – R 7 532.12 expenses = R -532.12 Cash flow negative

Purchase with Cash:

  • Monthly Levy =R 3 966.12 pm
  • Rental Management fee (if applicable) =R 805.00 pm
  • TotalR 4 771.12 pm

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.

Address

Address: 48 Primrose Terrace Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 1009
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 3
  • Bathrooms 1
  • Size 240 Sqm
  • Label R360 000.00
  • Number of flats in building: 228

Contact

Ian

Property Agent
reception@mamela.co.za
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