Great investment. One bedroom unit in Queen Anne. The property is tenanted with stable rental income. The tenant is paying R3350-00 p.m. excluding utilities. Queen Anne is one of the best buildings in Hillbrow. It boasts with security, working lifts and is located amongst prime amenities in the Johannesburg CBD.
The apartment has one separated bedroom, separate living room that is utilised as a bedroom, separate bathroom, separate kitchen with cabinets. The bedroom is fitted with cupboards. Open balcony. There are maintenance needed in the property. A detailed quote can be supplied on request.
The structure and condition are in a reasonable state, although maintenance is needed. Levy is R774,12.00 p.m.
As an investment, the following calculations might surprise you:
19.% R.O.I Nett with a R3350-00 rental on a R140 000-00 Cash purchase price.
Make an offer as soon as possible as this one will sell quick.
WE ARE REGISTERED WITH THE PPRA FFC NUMBER 0746087
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