Great opportunity for the Investor who seeks a high return on Investment in C.B.D of Johannesburg. The lifts is not working currently, but security is tight and the building is clean. The location is also ideal, towards schools, shopping complexes and other amenities. The building is currently managed by a well know Property management company in the C.B.D of Johannesburg.
The one bedroom apartment has a separated main bedroom with wardrobes, closed balcony, two enclosed living rooms, separated kitchen with cabinets, separated bathroom and separated toilet.
The structure and condition is good, we do foresee that maintenance like painting is needed to maintain a good lessee/ landlord relation ship
As an investment, the following calculations might surprise you:
30% R.O.I gross with a R4500-00 rental on a R200 000-00 purchase price
21% R.O.I Nett with a R4500-00 rental on a R200 000-00 Cash purchase price
Make an offer as soon as possible as this one will sell quick.
