- AUCTION
Johannesburg, Yeoville
Opening Bid R4,5m
This Building is all about Rental Income:
High Yielding Investment Block Of Flats.
Neat, well located apartment block .
The building consists of a total of 16 Units.
- 1x2 Beds
- 13 Three Beds
- 1 Four Beds
- 1 Bachelor
The property is a sectional title block which includes special features such as Prepaid water and electricity.
Projected Nett Annual Income - R776 000
Rent Roll is as follow.
Total Billed R65 220,00 p/m
Electric & Water Meter Recoveries: R10 800 p/m
Total Rental Income R76 020,00 p/m
Expenses
council/water/rates/elec/vat R18 500 p/m
labour R7 000 p/m
Ins/repairs R3 850 p/m
Total R29 350 p/m