Located in the sought-after block, THE GROVE, this newly listed 1 br flat will suit an investor seeking above average returns or an end user who only requires occupation in 2026.
Upon entering the flat a sense of spaciousness is immediately felt. The quality porcelain tiles (large size) are neutral in colour and are evident on all floor surfaces. The kitchen area is well designed and has space for an undercounter appliance as well. There is no built in stove in the kitchen.
Existing aluminum windows ensure that long term maintenance issues will be minimal.
The bedroom is spacious and boasts 2 x built in cupboards with extra space on top for suitcases etc
SPECIFICS
• Renovated apartment
• Ensuite bathroom
• Shower attachment in bath
• Security gate at front door
• NO PARKING ALLOCATED TO UNIT but nearby parking facility at R550 pm is available
• 24-hour...
Located in the sought-after block, THE GROVE, this newly listed 1 br flat will suit an investor seeking above average returns or an end user who only requires occupation in 2026.
Upon entering the flat a sense of spaciousness is immediately felt. The quality porcelain tiles (large size) are neutral in colour and are evident on all floor surfaces. The kitchen area is well designed and has space for an undercounter appliance as well. There is no built in stove in the kitchen.
Existing aluminum windows ensure that long term maintenance issues will be minimal.
The bedroom is spacious and boasts 2 x built in cupboards with extra space on top for suitcases etc
SPECIFICS
• Renovated apartment
• Ensuite bathroom
• Shower attachment in bath
• Security gate at front door
• NO PARKING ALLOCATED TO UNIT but nearby parking facility at R550 pm is available
• 24-hour security at entrance to building
• Supervisor’s office
• Facial recognition system at entrance to building
• 2 lifts in operation
• Fibre to unit installed
• Pre-paid METRO electricity meter
• Water included in levy
INVESTORS TAKE NOTE
Currently the property is rented to a long-term tenant at R6,000 pm till 1 March 2026
Net returns, after levy and rates, are deducted generate a return of 8,5 % pa
Gross returns are 12 % pa