Xanadu Ref 906

906

Property ID

87 Sqm

Size

2

Bedrooms

1.5

Bathrooms

Description

Xanadu is a taken care of, well-known building located in Yeoville. This area is a favourite amongst investors and tenants.

Mamela is currently managing units in the building and our investors are getting great return on their acquisitions.

With low risk and high returns, this is a great investment not to be missed!

Number of flats in building: 70.

Size: 87 sqm.

Levy: R 1768.54 pm. Prime Property Investments (011) 887 5244.

Original, spacious two-bedroom unit. The flat has a separate bathroom consisting of a bath, basin and toilet. The apartment is a two-story unit with the rooms at the top and a large living area and separate kitchen at the bottom. There is a small garden area and and additional separate toilet on the bottom floor. The flat is neatly tiled and painted. There is a working geyser.

The owner is currently receiving R 5 300.00 rental p.m. According to rental managers in the area, a rental income of between R 5 000.00 p.m. and R 5 500.00 p.m. can be achieved, if the property is upgraded to their specifications. 

The property is in a good condition with minimum touch-ups required. A detailed maintenance quote will be supplied to the successful buyer. 

No. According to the Body Corporate up to 6 people may reside in the unit.

Closest Amenities:

 

Name Type Suburb Distance      
Bellevue Pharmacy Shops Bellevue 0.38 km.
Recreation Centre Recreation Yeoville 0.43 km.
Yeoville Community Primary School Education Yeoville 0.60 km.

Calculation:

Purchase with Bond (90%):

 

R260 000.00 Bond at 7% =R 1 814.00 p.m.
Monthly Levy =R 1 768.54 p.m.
Rental Management fee (if applicable) =R 609.50 p.m.
Total R 4 192.04 p.m.


R 5 300.00 rental income – R 4 192.04 expenses = R 1 107.96 Cashflow positive. 


Purchase with Cash:

 

Monthly Levy =R 1 768.54 p.m.
Rental Management fee (if applicable) =R 609.50 p.m.
Total R 2 378.04 p.m.                      


R 5 300.00 rental income – R 2 378.04 expenses = R 2 921.96 Cashflow positive.


Gross Yield: 24% at R 5 300.00 rental income and R 260 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 13 Cavendish Road, Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 906
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 2
  • Bathrooms 1.5
  • Size 87 Sqm
  • Number of flats in building: 70

Contact

Ian

Property Agent
reception@mamela.co.za
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