R 890 000 | 1 bed property for sale in orchards

The perfect investment for you! Tenant has signed a long-term lease (24 months) at R8 800 p.m., going up to R9 400 ( electricity) on 1 November. R9 400 p.m. at a gross yield of 12% indicates a capital value of R940 000! Spacious, north-facing, open-plan, garden unit. And redesigned & renovated from top to toe quite recently. The renovations and redesign include a completely new kitchen (open-plan to the lounge and dining area) and bathroom, with beautiful tiling throughout, and the addition of a separate study. The rooms are generously sized. The kitchen is well-laid-out and spacious. The lounge and bedroom both open out to the patio and garden. Features: • The apartment is in a well-maintained condition. • Beautiful tile flooring. • 1 parking bay in the garage; 1 covered bay outside the garage; and space in the complex for visitors' parking. • A large, communal garden. • Electric fencing, 24-hour security at the entrance. Strong CAP presence in the area. • Pets are allowed but need to be approved by the Body Corporate. • Good location: close proximity to schools, shops, places of worship, etc.