995
Property ID
113 Sqm
Size
4
Bedrooms
1
Bathroom
Worldsview is one of the sectional title blocks in Berea with exceptional potential and is favoured amongst investors and residents.
Mamela Estates is currently managing a number of flats for investments in this building.
A sound opportunity not to be missed!
Size: 113 sqm.
Levy: R2 270.70 pm.
Original two-bedroom apartment divided to make full four sleeping rooms.Consists a separate bathroom with a shower. separate toilet and a kitchen with build in cupboards. The unit has a closed balcony with beautiful views of Johannesburg.
Electricity is prepaid
Half of the unit is currently occupied. According to rental managers in the area the general rental income is between R 5800.00 pm and R 6000.00 p/m, if the property is upgraded to their specifications.
The unit is in fair condition and needs slight maintenance. a detailed quote will be sent to the successful buyer.
No, according to the body corporate 4 people may reside in this unit.
Closest Amenities:
| Name | Type | Suburb | Distance |
| Thembekile Primary School | Education | Berea | 0.29 km. |
| Police SAPS | Emergency Service | Hillbrow | 0.82 km. |
| Spar – Fontana Highpoint | Shops | Hillbrow | 0.39 km. |
Calculation:
Purchase with Bond (90%):
| R270 000.00 Bond at 7% | =R 1 921.00 p.m. |
| Monthly Levy | =R 2 270.70 p.m. |
| Rental Management fee (if applicable) | =R 690.00 p.m. |
| Total | R 4 881.70 p.m. |
R 6 000.00 rental income – R 4 881.70 expenses = R 1 118.30 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 2 270.70 p.m. |
| Rental Management fee (if applicable) | =R 690.00 p.m. |
| Total | R 2 960.70 p.m |
R 6 000.00 rental income – R 2 960.70 expenses = R 3 039.30 Cashflow positive.
Gross Yield: 27% at R 6 000.00 rental income and R 270 000.00 cash offer.
