R 329 000 | 1 bed property for sale in alberton north

This flat is conveniently situated in Alberton North and is the ideal investment property for someone looking for a small rental property with loads of potential. A 48m2 flat comprising of a well sized lounge leading to a balcony which has been converted into a small separate carpeted bedroom. The kitchen is compact with cupboards and the bathroom has a toilet, basin and bathtub. The complex building is secure with 2 lockable entrances and a security gate at the entrance. The flat is complete with 1 basement parking bay. The outlook is onto Van Riebeeck Avenue. Close to the Mall and easy access to public transport and other amenities as well.. NB! The current tenant's lease ends 30/6/2024. Offers a gross return of 12.9% per annum and a net return of 8.9% per annum after levies and rates.