0 Bedroom Property for Sale in Witkoppen R 600 000. 26 Aug 2024

Property features

R 600 000
0 Bedrooms
1.0 Bathrooms
0 Living Room/s
Garage for 0 car/s
Outside Parking for 1 car/s
Levies R1500 pm
Rates R800 pm
No Pets
Outdoor pool
Garden
Security Estate

Property Details

This investment opportunity presents a well-maintained studio apartment that is perfect for those looking to expand their real estate portfolio with immediate returns. Here's a breakdown of the key details: Investment Overview: Location: Ceder Lofts on Willow Road, Fourways, just off Witkoppen. Current Tenant: On a 12-month lease, paying R6000.00 per month. Lease Expiry: 30 September 2025, providing flexibility for the new owner or the option to continue the rental arrangement. Tenant Status: Tenant has a strong payment history and is in good standing. Property Features: Type: Modern and spacious studio loft apartment. Floor Plan: Open-concept, designed for urban living with large windows allowing natural light to fill the space. Private Garden: Offering exclusive outdoor space for tenants. Amenities: Clubhouse, pool, and 24-hour security. Proximity: Close to business centers, shopping, and entertainment in the Fourways area. Why This is a Smart Investment: Immediate Rental Income: The property already has a tenant, providing instant cash flow. Stability: This is a low-maintenance property, ideal for investors seeking consistent rental income. Potential for Rent Growth: With the lease renewal, there could be an opportunity to increase rent depending on market conditions. Well-Maintained Property: The apartment is in great condition, meaning minimal upfront capital expenditure for the new owner. Whether you're a seasoned investor or new to the market, this property offers an excellent opportunity for reliable and long-term income. For more information or to schedule a viewing, feel free to contact us today!