2.5 Bedroom Flat in Malvern

A tenanted investment with views

For an investor looking for an income-producing property rather than a property to occupy, this 2.5-bedroom apartment offers a straightforward proposition.

The apartment has two bedrooms plus an enclosed balcony that provides additional living or bedroom space, along with one full bathroom and a separate guest toilet. The living area is comfortable and opens onto the enclosed balcony, which also takes advantage of the elevated outlook over Malvern and towards the surrounding hills.

The kitchen is functional and well fitted, while the apartment is situated in a well-maintained complex with established communal grounds, lifts, secure access and ample guest parking.

More importantly from an investment perspective, there is already a tenant in place on a two-year lease at R8,300 per month. At the asking price of R990,000, this represents a gross rental yield of just over 10.

This is therefore an opportunity to acquire a tenanted property with income from day one, without the immediate need to find a tenant or incur the costs associated with getting a vacant property ready for letting.

Orchid Gardens in central Malvern. Established, recognised, secure. Walking distance from all amenities and transport.

Make your move.