Apartment / Flat For Sale in Oakglen, Bellville

ref# 547
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Asking Price : R 799 000 (48 571 EUR*)

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Deposit (R) Repayment period (years) Interest rate (%)

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Province:Western Cape City:Bellville Suburb:Oakglen Bedrooms:2 Bathrooms:1 Floor Size: ± 52m2 Rates:R 210 p/m Levies:R 783 p/m

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  • Menno van Mechelen, estate agent

    Agent : Menno van Mechelen

    [ c ] +27 (0)82 465 1057
    [ t ] +27 (0)21 910 3300
    menno@webafrica.org.za
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Investment Garden Cottage

OFFERS IN THE UPPER R700000's may be considered.
PRICED TO SELL!!

Facebrick townhouse in popular Vierbergen security complex, with happy existing tenant who would love to stay on and will be paying R6250 as from May.
Bound to go quick as all the plus points of a great investment await you here. Low maintenance face brick & aluminium, well managed security complex with electric fencing, access control & 24 hour manned security. Safe shade port parking with many visitors bays, communal garden and swimming pool area. Built in stove/oven Hob, safety gates, burglar bars & even an airconditioner round off this neatly tiled, two bedroom apartment with both a bath & shower in the bathroom.

What really makes this an exceptional buy, is that it offers all the convenience and privacy of a small townhouse, at the price of an apartment. The best of all, a private garden with patio & covered outdoor braai/entertainment area.
Truly a rare find.

PLEASE CALL ME TELEPHONICALLY ONLY with specific questions and for viewing arrangements, once you have carefully read the description, viewed the photos & located the complex on the maplink. Tenant's privacy needs to be taken into account and only serious buyers will be able to view by appointment, so please do not send general emails asking for "more details" if you are a serious buyer.

HAVE A LOOK AT THE FOLLOWING INVESTMENT FIGURES:

  • Market related rental income: R6700
  • Levy: +-R706
  • Rates: +-R210
  • Rental admin: +-R670
  • Nett monthly income:+-R5114
  • Nett yearly income: +-R61368
  • This means that a nett yearly yield of around 8% is realistic from year one.
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