Tygerberg Ref 927

927

Property ID

127 Sqm

Size

1

Bedroom

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 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: 127 sqm.

Levy: R 1 884.91 pm. PAL Property Management (011) 472 7226

Original one-bedroom unit. The apartment has one bathroom, consisting of a bath, shower, basin and toilet. The unit has a separate living area utilised as two additional sleeping stations. The kitchen is also separated with built in cupboards. The unit has a prepaid electricity meter installed.

The current owner is receiving R5200.00 p/m. According to rental managers in the area the general rental income is between R5000.00 pm and R5 300.00 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, 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.

Calculation:


Purchase with Bond (90%):

 

R270 000.00 Bond at 7% =R 1 884.00 p.m.
Monthly Levy =R 1 884.91 p.m.
Rental Management fee (if applicable) =R 598.00 p.m.
Total R  4 366.91 p.m.


R 5 200.00 rental income – R 4 366.91 expenses = R 833.09 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1 884.91 p.m.
Rental Management fee (if applicable) =R 598.00 p.m.
Total R 2 482.91 p.m.                      


R 5 200.00 rental income – R 2 482.91 expenses = R 2 717.09 Cashflow positive.

 

Gross Yield: 23.1% at R 5 200.00 rental income and R 270 000.00 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 927
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 127 Sqm
  • Number of flats in building: 228

Contact

Ian

Property Agent
reception@mamela.co.za
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