0.5 Bed House in Witkoppen
Studio Apartment in Cedar Lofts
This investment opportunity presents a well-maintained studio apartment that is perfect for those looking to expand their real estate portfolio with immediate returns. Here''s a breakdown of the key details:
Investment Overview:
Location: Ceder Lofts on Willow Road, Fourways, just off Witkoppen.
Current Tenant: On a 12-month lease, paying R6000.00 per month.
Lease Expiry: 30 September 2025, providing flexibility for the new owner or the option to continue the rental arrangement.
Tenant Status: Tenant has a strong payment history and is in good standing.
Property Features:
Type: Modern and spacious studio loft apartment.
Floor Plan: Open-concept, designed for urban living with large windows allowing natural light to fill the space.
Private Garden: Offering exclusive outdoor space for tenants.
Amenities: Clubhouse, pool, and 24-hour security.
Proximity: Close to business centers, shopping, and entertainment in the Fourways area.
Why This is a Smart Investment:
Immediate Rental Income: The property already has a tenant, providing instant cash flow.
Stability: This is a low-maintenance property, ideal for investors seeking consistent rental income.
Potential for Rent Growth: With the lease renewal, there could be an opportunity to increase rent depending on market conditions.
Well-Maintained Property: The apartment is in great condition, meaning minimal upfront capital expenditure for the new owner.
Whether you''re a seasoned investor or new to the market, this property offers an excellent opportunity for reliable and long-term income. For more information or to schedule a viewing, feel free to contact us today!
Property details
- Listing number T4575102
- Property type House
- Listing date 27 Mar 2024
- Floor size 45 m²
- Rates and taxes R 800
- Levies R 1 500
Property features
- Bedrooms 0.5
- Bathrooms 1
- Lounges 0.5
- Covered parking 1
- Patio
- Pool
- Security post
- Garden