2 Bedroom Apartment in Sandown

On Auction

Errol Diner

Stonebloc Properties

Offer Pending

2 Bedroom Apartment in Sandown

On Auction

Can I afford this?
2 Beds
2 Baths
Levy R 890

Fully furnished and Fitting 2 Bed Lock up and go

Monte Sereno is a small, secure, and well-maintained townhouse complex (40 units, three storeys) located at the corner of Katherine Street and Pretoria Avenue, a tranquil environment. It has one of the most economical monthly costs for apartment complexes in Sandton. The fully-fitted and furnished, recently-renovated 74m2 unit has two bedrooms (main en-suite), second bathroom, two balconies, and two carports (one covered and one open). The apartment has a small wall-mounted safe. The complex has a communal pool, entertainment, and laundry-drying areas. It is a pleasant six minutes'' walk to Mandela Square, Gautrain Station, and Atholl Square Shopping Mall. Monte Sereno is on the Rea Vaya/Gautrain bus route. It is also serviced by taxis and tuk-tuks.

Monthly charges (from 1 February 2017):

Levy:R 895. 82 (includes water)

Security contribution:R 353.62

Sewerage:R 348.05

Rates:R 454.43

Refuse removal:R 232.30

Total:R2 284.22

The property has been let since since purchase in 2004 to corporate tenants. An estimated current rental would be in the region of R16000/month. It is currently available for lease.

This is an excellent investment opportunity as rental income is assured, given the rapid development of Sandown. Secondly, high-rise development in the area surrounding the Gautrain station is encouraged by the City of Johannesburg, and no rezoning for such purpose is required. Hence, the unit could be re-sold to developers at a good profit.

2 bedrooms with main on suite. Upmarket finishes in bathroom

Second Full bathroom with upmarket finishes

BICs in all bedrooms

Imported Tiles throughout

Carpets in the Bedrooms

Open plan lounge and dining Room leading to covered balcony

Wooden Doors and Frames

Gourmet kitchen with granite tops and double sink

Double Linen cupboard

2 Balconies

1 Covered parking bay and 1 open parking

Communal Pool , entertainment and laundry areas

Complex serviced weekly

Levies- R890.00 per month including water

Very Strong Body Corporate

Electric Fence around entire perimetre

Only 40 units in the entire complex

Huge potential for a monthly rental anywhere between R13.000.00 and R15 000.00

Sect 23 of plan 24/2003 known MONTE SERENO Situated at Erf 37 SANDOWN CITY OF

JOHANNESBURG GAUTENG

ERF: 37

TOWNSHIP: Sandown

ERF SIZE: 3576

ADDRESS: 110 Pretoria Avenue Sandown

MUNICIPALITY: CITY OF JOHANNESBURG

PROPERTY TYPE: Sectional Title

TITLE DEED: ST146156/2004

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Key Property Features

2
Bedrooms
2
Bathrooms
1
Covered Parkings
Flatlets
Patio
Pool

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Errol Diner

Errol

Diner

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Experience Sandton

Sandton is a vibrant, modern neighbourhood that contains the richest square mile in Africa. It is the business gateway into Africa for many large corporations and attracts thousands of ambitious people seeking their fortunes. But Sandton is not just about big business, residents find plenty of time for leisure too. World class shopping centres, and a buzzing social scene are a huge hit with the young and young at heart. Perhaps surprisingly, there is a huge amount of green space in the area that residents take advantage of to exercise or just take a breather.

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2 Bedroom Apartment in Sandown

On Auction

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