Property Details

Neat & Cosy ground floor 2 Bedroom 1 Bathroom apartment to let in Summer Mews Complex. This apartment boasts a spacious open plan lounge flowing onto covered patio & garden with Dining & fully fitted kitchen offering ample built-in cupboards, oven & hob as well as space for appliances. 2 Spacious bedrooms offering built-in cupboards with 1 full common bathroom offering both a bathtub & shower. 1 Covered & 1 Open Parking. Prepaid Electricity Metered Water Inverter system installed Summerfields Estate offers: Clubhouse Communal Pool Tennis Court Hiking Trail Tenant in place for investors unit will be sold as investment R7000 rental income Levies: R1800 (includes insurnace, sanatation, garbage disposal) Rates and taxes: R417 Gross income: R7000 Expenes: R1800 ( Levy) + R417 (Rates) = R2217 Net annual Income: R57 396 ROI: 7,5% Return on investment will increase each year with rental escalation and the property has massive potential for capital gains as its in a up and coming business area just of the N1 highway. Just off N1 on samrand road directly across samrand business park Close to blue valley mall, blue valley country club and conveniently located between pretoria and jhb.