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R 14 900 000 (873 900 EUR*)

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± 1788 m2

Beltring Court is a full-title block comprising of 34 flats plus 30 parking bays, located in Lorentzville,
Johannesburg. Demand for accommodation is sound with its proximity to central Johannesburg.
Very neat, well-run block with high occupancy. Due diligence items are available once the offer is in place.

Features
• 2 x 3 Bedroom
• 17 x 2 Bedroom
• 14 x 1 Bedroom
• 1 x Bachelor
• 30 Parking

• Selling Price: R14 900 000
• Transfer Duty Applicable
• Actual Income YTD Apr 21 – Mar 22: R 2.175.396.38
• Direct Property Costs YTD Apr 21 – Mar: R 890.431.34
• Break down Monthly Actual YTD Apr 21 – Mar 21:
- Income R 181.283.03 p.m.
- Expenses R 72.202.61 p.m.

Gross Monthly Residential Rental R 181,283.03
Less: Expenses*(Estimated@ 35%) R 63,449.06
Net Rental Income R 117,833.97
Annual Net Income R1,414,007.63

Financial Summary - Matchbox Calculation Cap rate valuation: Potential Asset Value
10% R 14,140,076.34
11% R 12,854,614.85
12% R 11,783,396.95
13% R 10,876,981.80
14% R 10,100,054.53
15% R 9,426,717.56
16% R 8,837,547.71



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