Well-maintained 2-bed ground-floor unit close to Vodacom HQ

R640,000

Property Description

This lovely unit offers comfort, location and security.

This lovely ground-floor unit offers the following:
– 2 tiled bedrooms
– 1 full bathroom with shower & bath
– modern kitchen with granite tops
– tiled living area
– small balcony
– 1 carport & open parking
– prepaid electricity
– 24hr security
– centrally located close to Vodacom
– close to Gautrain bus route

The complex is well-located close to Vodacom HQ. The Gautrain passes in front of the complex, and public transport is quick to find. The complex itself is neat and appears rather attractive. Security is good with at least two 24-hour guards always on duty.

For the investor: This property is currently tenanted at R6000/m, but this is due to Covid-related pressures, and a realistic rental figure of R6200/m should be attainable.
Rent of R6200/m results in a gross yield of 11.6% and a nett yield of 8.2%.
Rent of R6000/m results in a gross yield of 11.3% and a nett yield of 7.8%.

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Complex Features

Age:

14

24 Hour Security:

Yes

Facebrick:

No

Pool:

No

Clubhouse:

No

Playground:

No

Visitors Parking:

Yes

Other:

None

Property Attributes

Own Garden:

No

Electricity:

Prepaid

Fibre:

Yes

Has Tenant Now:

Yes

Tenant Pays for Utilities:

Water

Financial Vitals

Rent:

R 6,200

Levies:

R 1,714

Rates & Taxes:

R 331

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