Worldsview Ref 995

995

Property ID

113 Sqm

Size

4

Bedrooms

1

Bathroom

Description

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 8
81.70 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.

 

Would you like to make an offer on this property?

Address

Address: 25 Primrose Terrace, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 995
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 4
  • Bedrooms 4
  • Bathrooms 1
  • Size 113 Sqm
  • Label R270 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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