OFFERS IN THE UPPER R800000s will be presented for consideration
Discover a unique investment opportunity in the heart of Bellville, Western Cape. This spacious 2-bedroom apartment, boasting a generous floor size of 78m², is an exclusive mandate ideal for long-term buy-to-let investors. With a current nett rental income of R7020 per month after agents commission is deducted, this property promises a solid return on your investment.
The apartment is nestled within a secure complex, offering peace of mind with features such as electric gates, total fencing, and high-speed fibre internet. A dedicated balcony provides a personal outdoor space, while the undercover shadeport parking ensures convenient access to your home.
Currently occupied by stable, well-paying tenants who have resided here for 13 years, this property presents a perfect opportunity for investors looking to inherit reliable rental income. The tenants are keen to remain, making this an appealing option for those not in a hurry to move in themselves and who appreciate the benefits of maintaining a dependable tenant relationship.
While the interior of the apartment may appear cluttered and full, its important to look beyond this initial impression. The true value lies in the bones of this old-world style apartment, ready for a fresh vision and personal touch. With the high rental demand in the Boston Central area, savvy investors will recognize the potential for appreciation and long-term growth.
This property is priced below the average market value for similar apartments, allowing you to capitalize on the upside once the space is reimagined. If youre looking for a solid investment with a reliable income stream, this apartment in Bellville is a fantastic opportunity waiting to be unlocked.