Tygerberg Ref 926

926

Property ID

130 Sqm

Size

3

Bedrooms

2

Bathrooms

Description

Tygerberg is located in Hadfield Road, Berea. This area is a favourite amongst investors and tenants.

The block has audited financial statement for October 2019. The Managing Agency is currently awaiting the audited statements for 2020.

The building is insured and has private security which is a great bonus.

A sound investment indeed!

Number of flats in building: 228.

Size: 130 sqm.

Levy: R 1 929.58 pm. PAL Property Management (011) 472 7226

Original three-bedroom unit. The apartment has two bathrooms, one being ensuite consisting of a bath, basin and toilet and the other consisting of a bath and basin and a separate toilet. The unit has a separate living area utilised as two additional sleeping stations. The apartment has an enclosed  balcony also utilised as a sleeping station.  The kitchen is also separated with built in cupboards.

The current owner is receiving R6 400.00 p/m. According to rental managers in the area the general rental income is between R6 000.00 pm and R6 500.00 p/m, if the property is upgraded to their specifications.

The unit is in a good condition with general touch-ups required. A detailed maintenance quote can be supplied to the successful buyer on request.

No. According to the Body Corporate, 6 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.

Calculation:

 

Purchase with Bond (90%):

 

R360 000.00 Bond at 7% =R 2 512.00 p.m.
Monthly Levy =R 1 929.58 p.m.
Rental Management fee (if applicable) =R 736.00 p.m.
Total R  5 177.58 p.m.


R 6 400.00 rental income – R 5 177.58  expenses = R 1 222.42 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 929.58 p.m.
Rental Management fee (if applicable) =R 736.00 p.m.
Total R 2 665.58 p.m.                      


R 6 400.00 rental income – R 2 665.58 expenses = R 3 734.42 Cashflow positive.

 

Gross Yield: 21.3% at R 6 400.00 rental income and R 360 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 25 Hadfield Road, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 926
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 3
  • Bathrooms 2
  • Size 130 Sqm
  • Number of flats in building: 228

Contact

Ian

Property Agent
reception@mamela.co.za
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