Property Highlights

North-facing open-plan garden unit
Recently renovated kitchen and bathroom
Separate study included
Garage plus covered parking bay
Large communal garden area
Close to schools and shops

Overview

The perfect investment for you! Tenant has signed a long-term lease (24 months) at R8 800 p.m., going up to R9 400 (+ electricity) on 1 November. R9 400 p.m. at a gross yield of 12% indicates a capital value of R940 000! Spacious, north-facing, open-plan, garden unit. And redesigned & renovated from top to toe quite recently. The renovations and redesign include a completely new kitchen (open-plan to the lounge and dining area) and bathroom, with beautiful tiling throughout, and the addition of a separate study. The rooms are generously sized. The kitchen is well-laid-out and spacious. The lounge and bedroom both open out to the patio and garden. Features: • The apartment is in a well-maintained condition. • Beautiful tile flooring. • 1 parking bay in the garage; 1 covered bay outside the garage; and space in the complex for visitors' parking. • A large, communal garden. • Electric fencing, 24-hour security at the entrance. Strong CAP presence in the area. • Pets are allowed but need to be approved by the Body Corporate. • Good location: close proximity to schools, shops, places of worship, etc.

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