FOR SALE: Prime Investment Opportunity - 2-Bedroom Apartment in Summer Greens, Cape Town Ideal for investors or first-time buyers, this secure 2-bedroom apartment offers a unique layout designed for maximizing rental income. While registered on the title deed as a 2-bedroom, 1-bathroom apartment with a lounge and kitchen, the property has been cleverly subdivided into two units, providing excellent returns: Unit 1: Features two bedrooms, a small kitchen, and a family bathroom, currently generating R6,500 in rental income per month. Unit 2: A bachelor apartment, complete with a kitchen and bathroom, earning R5,500 per month. Investment Flexibility: The partition between the two units can be easily removed, restoring the apartment to its original 2-bedroom layout, making it perfect for first-time buyers seeking more space. Additional Features: One secure parking spot inside the complex and one additional space outside. Low levies estimated at R750 per month. Location Advantages: Public Transport: Conveniently located near a MyCiTi bus stop, offering easy access to Cape Town's public transport network. Connectivity: Close proximity to the N7 highway, ensuring quick travel to key areas across the city. Amenities: Shopping centers, schools, parks, and other essential services are nearby, with the city center just a short commute away. Whether you're looking for a high-yield investment or a versatile home with rental income potential, this property is a fantastic opportunity. Don't miss out on securing this prime piece of real estate!
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
