R2,195,000

1 bedroom apartment for sale in Oranjezicht

Great Investment With High Rental Return

Calling investors: Beautiful newly renovated 49m2 one-bedroom apartment in central position, sold in a parcel with 8 high income generating storerooms (total 80m2) and 2 parking bays.

Income:

Apartment - R11 000 per month

Storerooms - R8 000 income per month

Expenses:

Levy - R3 770

Rates - 700

Income after rates and taxes is approximately R14 530 per month.

This apartment has a new kitchen with built-in oven, a new bathroom, laundry / utility room, lovely new flooring and built in cupboards throughout. The apartment is across the road from the Garden Center and within easy walking distance to the myCity Bus and the Jammie Shuttle. Over time the storerooms can be sold to other members of the scheme.

Property Type
Apartment
Bedrooms
1
Bathrooms
1
Building Size
49m²
Living Area
1
Parking
2
Rates & Taxes
R700
Parking Bay
Yes
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Get to know Oranjezicht
Lying on the foothills of Table Mountain, Oranjezicht is a trendy village-like suburb that is popular with families wanting to escape the bustle of city-life whilst still being close to all amenities.
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apartment listed on 11 Mar 2020