Stunning block situated up Louis Botha Avenue, very popular investment opportunity. With great security, working lifts, and secure basement parking residents does find St John’s View as a favourite residence. The location is also ideal, towards schools, shopping complexes and other amenities.
The one-bedroom apartment has a separated main bedroom with wardrobes, open balcony, enclosed living room, separated kitchen with cabinets, separated bathroom, al in a very reasonable state.
The structure and condition are good.
As an investment, the following calculations might surprise you:
25% R.O.I gross with a R5000-00 rental on a R235 000-00 purchase price
17% R.O.I Nett with a R5000-00 rental on a R235 000-00 Cash purchase price
The current tenant is paying a reduced rental of R4000-00 that is very low.
Make an offer as soon as possible as this one will sell quick.
