Tygerberg Ref 945

945

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 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: 127 sqm.

Levy: R 2 188.00 pm. PAL Property Management (011) 472 7226

This unit consists of the following:

Originally 1 Bedroom unit, Separate bathroom with bath, basin and a shower. Separate toilet, big balcony. Living area used as a second bedroom.

The unit is in a good condition and has prepaid electricity and a geyser.

The current owner is receiving R 5 200.00 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. Ideal rent income R 5 200.00

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.

Purchase with Bond (90%):

 

R260 000.00 Bond at 7% =R 1 814.00 p.m.
Monthly Levy =R 2 188.00 p.m.
Rental Management fee (if applicable) =R 598.00 p.m.
Total R 4 600.00 p.m.


R 5 200.00 rental income – R 4 600.00
expenses = R 600.00 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 2 188.00 p.m.
Rental Management fee (if applicable) =R 598.00 p.m.
Total R 2 786.00 p.m.                      


R 5 200.00 rental income – R 2 786.00 expenses = R 2 414.00 Cashflow positive.

 

Gross Yield: 24% at R 5 200.00 rental income and R 260 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 48 Primrose Terrace Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 945
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 127 Sqm
  • Label R260 000.00
  • Number of flats in building: 228

Contact

Ian

Property Agent
reception@mamela.co.za
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