Description
Villa D’ Este is well located in Berea, Johannesburg.
The block is situated close to all amenities such as Doornfontein campus of the Johannesburg University and BRT bus routes in Smit and Wolmarans Street that links with the Gautrain station.
This is a well-managed building (firm body corporate) with good security. Due to the good location, the block is in high demand with prospective tenants.
Bachelor Unit with a spacious single bedroom living area. A separate bathroom consisting of a bath, basin, and toilet as well as a separate kitchen and spacious balcony. The unit is equipped with a working geyser, prepaid meters, and wooden flooring.
A number of flats in the building: 65.
Size: 42 sqm.
Levy: R 500.61 Managed by City Accommodations (011) 720 5334.
Estimated rent: R2800 – R3000 per month
R 2800.00 rental income – R 500.61 expenses = R 2 299.39 cashflow positive.
Gross Yield: 26 % at R 2800.00 rental income and R 125 000.00 cash offer.
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