NEW
EXCLUSIVE MANDATE
Web Ref JRL41831
R625,000
12 Erindale, 8 Venter Street, Randhart, Alberton
Monthly Bond Repayment R6,135.27
Calculated over 20 years at 10.25% with no deposit.
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Monthly Levy
R2,020
R2,020
Monthly Rates
R520
R520
Say Hello to this 2 bedroom investment property within a sought after and secure complex!!
EXCLUSIVE and NEW !!! Welcome to Erindale, situated in Randhart Ext 1 — A well positioned second floor townhouse offering excellent value for investor buyers seeking steady rental income within a sought-after residential area.
This neat 72m² apartment offers:
Two well-sized bedrooms
One bathroom with a shower fitted in the bath
Open-plan kitchen and lounge area
Lounge leading onto a private balcony with views over Jacqueline Street and part of Randhart
Covered parking for one vehicle, and visitors’ parking conveniently located outside the complex
Beautiful communal sparkling swimming pool
Secure complex living with an automated main gate and electric fencing
No pets allowed!!
Current Investment Figures:
Monthly rental income: R5 565 yielding a gross return of 10.7% and a nett of 5.8%.
The value added opportunity – being that with renovated kitchen and bathroom these returns would likely increase to a gross of 13% and a nett of 8%. The nett being after levies and rates. The current lease is in place until 31 October 2026.
This property presents an excellent opportunity for investors or landlords looking to expand their portfolio with a unit that offers immediate rental income and future capital growth. The property is also well suited to a young professional looking for a lock up and go lifestyle. Conveniently located close to R59/N12 freeway, New Market shopping centres, Swartkoppies Road leading to various surrounding suburbs - this is a smart buy in Randhart.
Call me today for your EXCLUSIVE viewing!!
This neat 72m² apartment offers:
Two well-sized bedrooms
One bathroom with a shower fitted in the bath
Open-plan kitchen and lounge area
Lounge leading onto a private balcony with views over Jacqueline Street and part of Randhart
Covered parking for one vehicle, and visitors’ parking conveniently located outside the complex
Beautiful communal sparkling swimming pool
Secure complex living with an automated main gate and electric fencing
No pets allowed!!
Current Investment Figures:
Monthly rental income: R5 565 yielding a gross return of 10.7% and a nett of 5.8%.
The value added opportunity – being that with renovated kitchen and bathroom these returns would likely increase to a gross of 13% and a nett of 8%. The nett being after levies and rates. The current lease is in place until 31 October 2026.
This property presents an excellent opportunity for investors or landlords looking to expand their portfolio with a unit that offers immediate rental income and future capital growth. The property is also well suited to a young professional looking for a lock up and go lifestyle. Conveniently located close to R59/N12 freeway, New Market shopping centres, Swartkoppies Road leading to various surrounding suburbs - this is a smart buy in Randhart.
Call me today for your EXCLUSIVE viewing!!
Features
Pets Allowed
No
Interior
Bedrooms
2
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Security
No
Parkings
1
Pool
No
Sizes
Floor Size
72m²
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