1 Bedroom Apartment in Braamfontein

R 650 000

Michelle Mareë

Inyameko Properties

1 Bedroom Apartment in Braamfontein

R 650 000

ss the parktonian hotel, 120 de korte street
Can I afford this?
1 Beds
1 Baths
Floor Area 55 m²

WHAT EACH SECTIONAL TITLE UNIT COMPRISES:

55sqm including 7sqm balcony

Living room: TV cable & leased TV (DSTV), sette, coffee table, corner table, armchair, lamps

x1 Bedroom: double bed or twin singles, bedside table, suitcase rack, cupboard, lamps, dressing table & stool

x1 Bathroom: bath, vanity & basin, W.C

Kitchenette: Top & high-level unit, desk & 2 chairs

Personal Bar

Mini-safe

Radio

Central heating

2 Telephones

Hairdryer

Wireless connectivity

24 Hr Housekeeping

Room Service

Air conditioning

Electronic key card locks

Ownership of the built-in-fittings, equipment & furniture in that suite

Ownership of 1/300th of the public rooms, restaurant, bar, conferencing areas, & back-up areas such as kitchen, storerooms & staff areas. This ownership comes as a result of all these areas being classified as "common areas" in terms of the Sectional Title Act, such that the revenues generated in these areas, & costs associated with these areas, & costs in generating such revenues, will be apportioned equally between the 300 suite owners.

Please bear in mind the following:

- R3500 per month is the net amount, there are no levies and rates payable in addition to above. Total per annum = R42,000 currently.

- After the audited accounts there is usually a distribution made to the unit holders. This occurs once per annum. Last 1 I recall was +/- R10,000 per unit, again a net figure.

- If you add the 2 amounts together total net rental earned per annum amounts to +/-R52,000

Any prospective buyers must understand the above calculation.

UNIT IS SOLD UNFURNISHED.

UNIT IS SITUATED ON THE 14th FLOOR.

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Key Property Features

1
Bedrooms
1
Bathrooms
1
Dining Areas
1
Lounges
Access Gate
Air Con
Balcony
BIC
Electric Fencing
Entrance Hall
Fenced
Gym
Intercom
Kitchen
Laundry
Pool
Satellite
Scenic View
Security Post

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Michelle Mareë

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1 Bedroom Apartment in Braamfontein

R 650 000

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