2 Bedroom Apartment in Braamfontein

An investment opportunity in Broadway!

Looking for an investment property with tenants already in place This two-bedroom apartment in Broadway, 51 Juta Street, Braamfontein, offers an opportunity to acquire a property in an established student accommodation location.

Asking price: R599,000 | Current rental income: R9,200 per month

The apartment is currently occupied by two tenants, each paying R4,600 per month, generating a combined rental income of R9,200 per month.

At the asking price, this equates to an indicative gross rental yield of approximately 18.4 per annum, before levies, rates, maintenance, vacancies and other property-related expenses.

Property highlights

Established rental income: Two existing tenants provide a combined current rental income of R9,200 per month, subject to the existing lease agreements.

Furnished for student living: Each bedroom is equipped with a bed, study desk and chair. The kitchen includes a fridge and a practical kitchen counter with two stools, providing a convenient space for students to sit and enjoy their meals.

Two private bedrooms: Cleverly converted from a spacious one-bedroom unit, the apartment provides two separate bedrooms suited to student accommodation or shared living.

Spacious balcony: Enjoy the added benefit of generous outdoor space, ideal for relaxing and getting some fresh air.

Practical kitchenette: Fitted with built-in cupboards, an under-counter oven and a hob.

City skyline views: Large south-facing windows offer natural light and views of the Johannesburg CBD skyline and the iconic Nelson Mandela Bridge.

Convenient Braamfontein location: Situated in an established student and urban lifestyle hub, making it an attractive option for investors interested in the student rental market.

An opportunity for property investors

Whether you are entering the property market for the first time or expanding your existing portfolio, this apartment offers an opportunity to acquire a furnished, tenanted property at an asking price of R599,000.

With two bedrooms already equipped for student living, existing tenants and a current rental income of R9,200 per month, this investment opportunity is worth exploring.

Contact us today to arrange a viewing and enquire about the existing tenancy agreements and property expenses.