2 Bedroom Apartment in Buh Rein Estate

Urgent Sale | Seller Negotiable | Tenant Placement at projected R9850 included

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Henk specializes in brokering investment property fast, focused, and deal-driven.

Ashbury Grove is a 46-unit sectional-title block within the award-winning Buh-Rein Estate, offering secure estate living and a communal braai area. The wider estate has a central landscaped green corridor, more than 20 pocket parks, walking, jogging and cycling routes, sports facilities and established recreational spaces giving it a noticeably more open, lifestyle-focused feel than a conventional apartment development.

Location is a major drawcard: approximately 3.4km from the N1, 3km from CapeGate Shopping Centre, 2.9km from Mediclinic CapeGate, 9km from Tyger Valley, 12.8km from Bellville, 16km from Stellenbosch and 23.6km from Cape Town International Airport. Stellenbosch University is approximately 23.2km away, while Cape Town CBD is around 35km away. The position also gives convenient onward access towards the R300N2 corridor ideal for tenants working across the Northern Suburbs, Stellenbosch and greater Cape Town.

Figures:

Rent secured: R9 200 month - R110 400 annual income -11.9 gross yield.

Free placement of the next tenant at R9 850 month included R118 200 annual income -12.7 gross yield.

Net income after rates and levies at current rent: -R6 100 p.m. -R73 200 annual income -7.9 nett rental yield.

At R9 850 rental: -R6 750 p.m. -R81 000 annual income -8.7 nett rental yield without appreciation or loan repayments factored in.

Established estate | Excellent Northern Suburbs positioning.

If you are looking to sell your property to investors and cash out of an investment Henk is your guy.