Property Details

Ark Royal is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed. This is a spacious 82m2 apartment that has an one bedroom, lounge(enclosed and can be used as a bedroom), small living area, bathroom(separated toilet) and an open balcony. The unit is currently tenanted, and the rental income achieved is R 4 550.00. Rental amount of R4800.00 can easily be achieved if maintained properly. Calculation: Purchase with Bond (90%): R 230 000.00 Bond at 90 % =R 2 243.00 pm. Monthly Levy =R 1 431.01 pm. Rental Management fee (if applicable) =R 552.00 pm. Total =R 4 226.01 pm. R 4 800.00 rental income - R 4 226.01 expenses =R 573.99 Cashflow positive. Purchase with Cash: Monthly Levy =R 1 431.01 pm. Rental Management fee (if applicable) =R 552.00 pm. Total =R 1 983.01 pm. R 4 800.00 rental income – R 1 983.01 expenses =R 2 816.99 Cashflow positive. Gross Yield: 25% at R 4 800.00 rental income