Property Details

Queen Anne is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed. This is a spacious 51m2 apartment that has a one bedroom, lounge, bathroom (separated toilet) and an open balcony. The unit is currently tenanted, and the rental income achieved is R 3 350.00. Rental amount of R3 950.00 can easily be achieved if maintained properly. Calculation: Purchase with Bond (90%): R 158 000 Bond at 90 % =R 1 541.00 pm. Monthly Levy =R 756.80 pm. Rental Management fee (if applicable) =R 454.25 pm. Total =R 2 752.05 pm. R 3 950.00 rental income - R 2 752.05 expenses =R1 197.95 Cashflow positive Purchase with Cash: Monthly Levy =R 756.80 pm. Rental Management fee (if applicable) =R 454.25 pm. Total =R 1 211.05 pm. R 3 950.00 rental income – R 1 211.05 expenses =R 2 738.95 Cashflow positive. Gross Yield: 30% at R 3 950.00 rental income