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2 Bed Apartment in Grahamstown Central

R 695 000

2 Beds

2 Baths

Can I afford this?

Floor Area 50 m² Land Area 1374 m² Rates R 523 Levy R 1560

SOMERSET CORNER - R8800 RENTAL INCOME PER MONTH - INVESTMENT PROPERTY!

Somerset Corner is one of the closest apartment complexes to Rhodes University and it is less than 200m from the main shopping centre (Peppergrove Mall). Each unit consists of a lovely open plan kitchen/living room area, 2 spacious bedrooms, both bedrooms have en-suite bathrooms, a well finished kitchen with granite worktops. The units includes a washing machine, a tumble dryer, a fridge/freezer, oven and gas hob.

The complex offers Resnet, which gives access to Rhodes University mainframe, DSTV connection and a security guard at night for additional student security. The unit has been fully let for 2024 and brings in a rental income of R8800.00 per month until the end of November 2024. The apartment comes with a security alarm system and prepaid electricity meter. The complex has water tanks and a pump for back up water for the complex.

Call me now to add this amazing property to your portfolio!