2 Bedroom Apartment in Craighall Park

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

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

- VIEWING BY APPOINTMENT PLEASE

- 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 housebraai facilities and ample guest parking

- Beautifully maintained grounds

- Potential rental yields R12 500 pm

SELLER RELOCATING - Asking price within municipal and market related value sold as voetstoots

FAIR TABLED OFFERS WILL BE CONSIDERED

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: 11.11Annual Operating Expenses: R48,000 Based on a monthly average of R2,900 for levies R1,100 for municipal ratestaxes.Net Annual Operating Income NOI: R102,000 Net Rental Yield Capitalisation Rate: 7.56