Property features

R 1 395 000
2 Bedrooms
2.0 Bathrooms
0 Living Room/s
Garage for car/s
Outside Parking for 1 car/s
Levies R3092 pm
Rates R1500 pm
Fibre
No Pets
Outdoor pool
Garden
Security Estate

Property Details

Upper level picture perfect investment at Braemore Complex as priced to sell

MARKET COMPARABLE FACTS TO CONSIDER WHEN PURCHASING A SECTIONAL TITLE AT BRAEMORE

SELLER RELOCATING - Asking price within municipal and market related value sold as "voetstoots"
FAIR TABLED OFFERS WILL BE CONSIDERED
Easy access from Buckingham Avenue
Gated security access
Immediate proximity to Sandton, Rosebank, and the Hyde Park commercial nodes
Walking distance to The Valley Shopping Centre
Large enclosed communal pool area/ pool house/"braai" facilities and ample guest parking
Beautifully maintained grounds
Potential rental yields R12 500 pm

*Spacious, bright open open-plan lounge and dining area leading out to a balcony with
America shutters affording a view
Laminate flooring
Curtains may stay
Inverter + 2 batteries included in sale

Kitchen
Open plan
Breakfast bar
Space for 2 undercounter wet appliances
Sufficient cupboard space
Laminate counter tops
Electric stove and oven
Balcony leading out from kitchen
Geyser located on balcony 'wall cavity' for easy access
Bedroom 1
Master ensuite with tub
Flooring - laminate
Curtains may stay
Bedroom 2
Attractive corner windows
Carpeted

Bathroom 2
Shower basin loo
Flooring tiled

*Passage cupboard for storage

Complex Amenities
24hr guarded gated entrance with intercom
Tag access
JOJO tank - water back up
Large enclosed communal pool area with pool house and "braai" facilities
One under cover parking bay for landlord
Ample guest parking
Walking distance to Valley Shopping center and restaurants
Public transport - bus and taxi
Strict security ensures safe living and access from Buckingham Avenue
42 Units in complex

Rental Yield & Cash Flow Analysis 2-bedroom units in this precinct command strong rental interest due to their size and central northern-suburb location.
Assuming a competitive market rent of R12,500 per month on the Baseline R1,350,000 purchase price, the yield profile scales as follows:Gross Annual Rental Income: R150,000Gross Rental Yield: 11.11%Annual Operating Expenses: ~R48,000 (Based on a monthly average of R2,900 for levies + R1,100 for municipal rates/taxes).Net Annual Operating Income (NOI): R102,000?? Net Rental Yield (Capitalisation Rate): 7.56%

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Nickey Van Zijl De Bareiro

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