Land mark block situated next to the Telkom Tower in Hillbrow , very popular investment opportunity. With great security, clean block, and secure basement parking residents does find New Carlington as a favourite residence. The location is also ideal, towards schools, shopping complexes and other amenities.
The Two-bedroom apartment has a separated main bedroom with wardrobes, a second bedroom, three open balcony, enclosed living room, another living room, separated kitchen with cabinets, separated bathroom, separate toilet al in a very reasonable state. This unit is 150 sqm with a levy of R1199.81 p.m.
The structure and condition are good.
As an investment, the following calculations might surprise you:
32% R.O.I gross with a R6000-00 rental on a R225 000-00 Cash purchase price
22% R.O.I Nett with a R6000-00 rental on a R235 000-00 Cash purchase price
The property is currently empty and is in a fair condition. It needs maintenance to attract a suitable tenant
Make an offer as soon as possible as this one will sell quick.
