1 Bedroom Flat in Pretoria Central

R 275 000

Liezel Britz

RE/MAX-Infoglobe

1 Bedroom Flat in Pretoria Central

R 275 000

Can I afford this?
1 Beds
1 Baths
Floor Area 36 m²
Land Area 36 m²
Levy R 500

EXCELLENT INVESTMENT OPPORTUNITY R200 Cashflow Positive per month!!!

4 X Similar units available to purchase in this building from the same seller.

Shortfall calculation:

Current Rent: R3 500.00

Minus Bond: R2 450.00

Minus Rental Mng Fee:R 350.00

Minus Levy: R 500.00

NO SHORTFALL pm!!!!!

R200 Surplus on this investment per month!!

Reliable tenants owner has never had a vacancy. Rental demand extremely high for this building due to security, location and transport availability.

Price per m2: R245 000 divided by 36 = R6 805.55 per m2

which is below the norm of between R8 000 - R10 000/m2

The flat needs minor attention, but the tenant is happy as is. Stove not working, but tenant prefer to use 2-plate stove to save electricity.

Double security gates at entrance of building with security gate at flats door - EXCELLENT SECURITY! 24 Hour security guards with lifts working perfectly.

Midcity manages the building - financials are 100% fine and available to view.

Low maintenance building to keep levies low.

Shortfall calculation:

Current Rent: R3 500.00

Minus Bond: R2 750.00

Minus Rental Mng Fee:R 350.00

Minus Levy: R 500.00

SHORTFALL: R 100.00 pm!!!!!

Reliable tenants owner has never had a vacancy. Rental demand extremely high for this building due to security, location and transport availability.

Price per m2: R275 000 divided by 36 = R7 638.88 per m2

which is below the norm of between R8 000 - R10 000/m2

The flat needs minor attention, but the tenant is happy as is. Stove not working, but tenant prefer to use 2-plate stove to save electricity.

Double security gates at entrance of building with security gate at flats door - EXCELLENT SECURITY! 24 Hour security guards with lifts working perfectly.

Midcity manages the building - financials are 100% fine and available to view.

Low maintenance building to keep levies low.

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Key Property Features

1
Bedrooms
1
Bathrooms
1
En-suite
1
Lounges

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1 Bedroom Flat in Pretoria Central

R 275 000

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