Apartment For Sale in Johannesburg

R 1,199,999

Can I afford this?
1 month ago96 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):2
Description
Charming 2 Bedroom Ground Floor Unit with Private Garden in Secure Complex

Calling on investors!
Property Overview
This tenanted ground floor unit is a great investment opportunity, featuring 2 bedrooms, 2 bathrooms, and a private garden, making it an attractive option for property investors seeking a rental income. Small pets are allowed, making it an appealing choice for tenants with pets. The unit comes equipped with essential appliances including an electric oven, gas hob, overhead extractor cookerhood, and provision for a water appliance. Additionally, it offers prepaid electricity and central hot water pump heating. The property also includes 2 covered parking bays, adding convenience and value.
Building Amenities
The building boasts a generator to combat load shedding, ensuring uninterrupted power supply. Residents can enjoy the clubhouse amenities, including a pool, braai area, washing line, running track, and a children's play area. Security access control provides peace of mind for both tenants and investors.
Location
Situated in a gated and boomed off area protected by CAP Security, this property offers a secure and desirable location. It is within walking distance to St. Mary's Waverley and Waverly School for Girls, adding to its appeal for families. Additionally, its proximity to Rosebank and Melrose (5-10 minutes away) enhances its investment potential, being in a sought-after area.
Rental Income
The unit is tenanted and the current tenant is paying R9000 a month, consistently meeting payment deadlines and expressing satisfaction with the unit.
This property presents an attractive investment opportunity with a reliable tenant in place and a range of desirable features and amenities, making it a compelling option for property investors seeking a promising return on investment

Property Reference #: 114282772

Agent Details:
Mike Kibiego
Royal Abbai Properties - Fourways
Fourways

Id Subtitle 1274068966
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Estimated monthly repaymentR 13,005
Total property loan amountR 1,199,999
Total interestR 1,921,075
Total repaymentR 3,121,074
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Royal Abbai Properties - Fourways
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