OFFERS FROM R580000 my be considered.
This two-bedroom simplex apartment is an excellent investment opportunity located in the centrally situated suburb of Sanlamhof, Bellville. The complex, with only 50 units, offers a secure and peaceful living environment, making it ideal for young professionals or students.
Sanlamhof is within the CBD, providing easy access to numerous workplaces, public transport, shops, restaurants, and amenities. The area is popular with students attending the nearby colleges, often supported by well-off parents looking to invest in property rather than renting.
While the apartment needs some TLC, including attention to paintwork, tiling, carpets, and cupboards, the asking price is exceptional for a two-bedroom unit in this area. This allows for customization and potential value increase post-renovation.
The apartment features a neat layout with tiled floors throughout the living area and kitchenette. The existing tenants are reliable and good payers, with a lease agreement in place until the end of September 2024. The tenants have expressed interest in renewing the lease, making this a sound investment opportunity.
The rental agents and body corporate work closely together, ensuring excellent management and control over the complex, providing peace of mind to investors and residents alike.
Key Features:
• Two-Bedroom Simplex: Spacious layout, perfect for small families or roommates.
• Shared Bathroom: Includes both a bath and a separate shower.
• Open Plan Living: Tiled floors throughout the living room and kitchenette.
• Fully Equipped Kitchenette: Includes a stove, oven, and hob.
• Parking: Comes with an under-building parking bay within a secure, access-controlled complex.
• Secure Complex: Features electric fencing and access-controlled entrance and exit gates.
• Excellent Management: Rental agents and the body corporate work closely together, ensuring excellent management and control over the complex.
Tenant Information:
• Current Rental Income: R7,300 per month
• Lease Expiry: 30 September 2024
• Tenants' Intention: Tenants are happy to stay and renew the lease at a market-related rental increase.
Contact Menno, Flat & Townhouse Specialist now to discuss viewing arrangements.