Description
Welcome to this exceptional investment property – a luxurious 3-bedroom double-storey apartment designed for modern living and poised for a lucrative return on investment. This property is currently leased for R12,500 per month, with a stable one-year lease in place. Considering the sale price of R1,370,000, let's delve into the potential return on investment.
As you explore this investment opportunity, envision a well-appointed kitchen with sleek granite countertops, a double sink, and ample space for appliances. The open-plan layout seamlessly blends functionality and style, providing an attractive living space for potential tenants or buyers.
On the ground floor, two en-suite bedrooms offer a serene retreat. The first bedroom features a rejuvenating shower, while the second bedroom provides the luxury of a full bathroom. Both bedrooms are designed with built-in cupboards for ample storage. One of these bedrooms is conveniently adjacent to the living room, offering easy access to a sprawling balcony that bathes the interior in natural light.
The ground floor also includes a living room, creating a cozy haven for relaxation. Venture upstairs to discover a charming pajama lounge that leads to the third bedroom – a luxurious haven of privacy with its own en-suite bathroom, built-in cupboards, and a private balcony.
This remarkable investment property comes with practical amenities, including a garage for vehicle safety and additional storage space. Visitors' parking is readily accessible, enhancing the property's appeal for potential tenants or buyers. The complex features lush communal gardens, a refreshing pool, and other amenities that enrich the overall lifestyle experience. This property has a potential gross rental yield of approximately 10.94%, which can be a favorable return on investment for an income-generating property.
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