$37,678

Experts will always say that in the long term, property always works out as a good investment it makes no difference if you are a seasoned investor or simply a first time buyer as the basic facts remain the same. With that in mind, I present this very well priced property, currently rented out for R7300pm with lease in place until October 2023. Current net ROI (including rates and levies) is 7.3% and if one includes a conservative capital growth of 3.5% this yields a staggering 10.8% and that in the first year only! The apartment is very well situated and consists of an open plan kitchen/lounge which is plumbed for an under-counter washing machine, and comes with a defy free standing stove. The open plan lounge, has plenty of space for a lounge suite and for a dining room table and chairs, the lounge has a television point set up for Dstv (this may change as the complex is now set up for fibre), the hardware being maintained by the body corporate. The Complex is "fibre ready" with a reasonably priced connection through Comtel. To make matters even easier for the landlord both water and electricity are prepaid. The bathroom consists of a bath, toilet and basin. Finally there are two large bedrooms on the first floor with built in cupboards. Other features are, a dedicated parking bay with plenty of visitors parking, solar assisted hot water cylinder, 24hr manned security with access by means of biometric scanning, also a number of well placed security cameras. Mountain View Villas is situated close to schools, shopping centers and public transport (trains and buses). The city center is only 6km away, Century City and Pinelands and Milnerton beaches are practically 'on your door step'. To take advantage of this one in a lifetime offer call or whatsapp Mario today!

Amenities

• Bedrooms: 2
• Full Bathrooms: 1
• Partial Bathrooms: 0
• Property Type: Residential
• Home size: 44 ft² / 4.09 m²
• MLS: RL106609
• Status: Active

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