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.
