2 Bedroom Townhouse in Randhart

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 percent and a nett of 5.8 percent.

The value added opportunity being that with renovated kitchen and bathroom these returns would likely increase to a gross of 13 percent and a nett of 8 percent. 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 and 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!!