Tygerberg Ref 985

985

Property ID

283 Sqm

Size

2

Bedrooms

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: 283 sqm.

Levy: R  4180.03 pm. PAL Property Management (011) 472 7226

This unit consists of the following:

Big two bedroom unit with separated big kitchen with build in cupboards, separated bathroom and a big living area.

This unit also offers a big balcony.

The current owner is receiving R 9 100.00 p/m. According to rental managers in the area the general rental income is between R8500.00 pm and R9 000.00 p/m, if the property is upgraded to their specifications.

The unit is in fair condition but needs slight maintenance.

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%):

 

R405 000.00 Bond at 7% =R 2 826.00 p.m.
Monthly Levy =R 4 180.03 p.m.
Rental Management fee (if applicable) =R 1 046.50 p.m.
Total R 8 052.53 p.m.


R 9 100.00 rental income – R 8 052.53
expenses = R 1047.47 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 4 180.03 p.m.
Rental Management fee (if applicable) =R 1 046.50 p.m.
Total R 5 226.53 p.m.                      


R 9 100.00 rental income – R 5 226.53 expenses = R 3 873.47 Cashflow positive.

 

Gross Yield: 27% at R 9 100.00 rental income and R 405 000.00 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 985
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 1
  • Bedrooms 2
  • Bathrooms 1
  • Size 283 Sqm
  • Label R405 000.00
  • Number of flats in building: 228

Contact

Ian

Property Agent
reception@mamela.co.za
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