Tygerberg Ref 955

946

Property ID

74 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: 74 sqm.

Levy: R 1 398.00 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 R 4 500.00 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.

Calculations

Purchase with Bond (90%):

  • R 210 000.00 Bond at 7% =R 1465.00 p.m.
  • Monthly Levy =R 1398.00 p.m.
  • Rental Management fee (if applicable) =R 517.50 p.m.
  • Total =R 3380.50 p.m.

 

R 4500.00 rental income – R 3380.50 expenses = R 1 119.50 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 1398.00 pm
  • Rental Management fee (if applicable) =R 517.50 pm
  • TotalR 1915.50 pm

R 4500.00 rental income – R 1915.50 expenses = R 2584.50 Cash-flow positive.

Gross Yield: 25.7% at R 4500.00 rental income and R 210 000.00 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 946
  • Property Type Sectional Title
  • Property status Under Offer
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 74 Sqm
  • Label R210 000.00
  • Number of flats in building: 228

Contact

Ian

Property Agent
reception@mamela.co.za
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