Modern Investment Apartment in Sought-After Fynbos Lifestyle Estate
Priced at R1 290 000, this stylish second-floor apartment presents an exceptional investment opportunity in the ever-popular Fynbos Lifestyle Estate.
Only a year old and in immaculate condition, the apartment offers modern finishes and a secure, lock-up-and-go lifestyle that tenants absolutely love. A brand-new lease renewal is already in place from June at R11 500 per month, making this a turnkey investment with immediate rental income.
The apartment measures 41m² and includes:
1 spacious bedroom
Modern ensuite bathroom
Open-plan kitchen and living area
Fridge, washing machine and dishwasher included
1 covered parking bay
Excellent condition throughout
Second-floor position
Fynbos remains one of the most desirable rental estates in the area thanks to its outstanding lifestyle amenities, secure environment and strong tenant demand. Investors love how easy these apartments are to rent out, ensuring excellent occupancy levels and strong long-term growth potential.
Investment Highlights:
Rental income: R11 500 per month
Annual rental income: R138 000
Gross yield: approximately 10.7%
Net yield after levies and rates: approximately 9.5%
Monthly levies are approximately R970.70
Monthly municipal charges/rates are approximately R322.28
Bonus for buyers:
The seller is offering a 50% discount on conveyancing fees, adding even more value to this excellent investment purchase.
Contact me today to arrange a viewing or for more information on this fantastic income-generating property.
The lifestyle centre includes the following:
Love Is Restaurant
Wellness Spa
Training Science indoor and outdoor gym
Laundromat
Concierge
Squash court
Padel court
Mini soccer 5 a side
Montessori (2 – 8 years olds)
Car Wash