OFFERS around the R600000`s mark may be taken into consideration.
Entry level investment or starter home, at bargain basement price.
Existing tenant has been in occupation for around 15 years. Current rental income is R6640 per month & after agent`s commission, R5976 pm.
The apartment is situated in the well managed, security complex, Wilgerpark, in Oakglen Bellville.
Access to the N1, R300, Tygervalley, the Bellville & Brackenfell CBD is excellent, which is why the demand for rentals and starter homes always outstrips the supply, making this a good income generator as well as started home. Wilgerpark has a live in complex manager, a small convenience store, swimming pool and garden braai areas, with excellent security, walled with electric fence, 24 hour manned security and access control.
The apartment itself is on the 1st floor, and consists of a lounge with open plan kitchen, 1 bedroom, with an en-suite bathroom with shower. It has one shadeport parking bay and there are plenty of open extra visitors parking bays available.
Some attention would be needed should tenant move out which is why this is such a great deal with loads of potential. For example, cupboard doors/hinges, painting and in general some TLC which would turn this into a spanking new home.
Call me so that I can assist and set up a viewing for you.
HURRY OR BE SORRY, as properties in this price range are never around for long.
