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R895,000 | 0.5 Bedroom Studio Apartment For Sale in Observatory

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R895,000

Monthly Bond Repayment R9,238.08
Calculated over 20 years at 11.0% with no deposit. Change Assumptions

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Monthly Levy
R1,700
Monthly Rates
R220
Special Levy
R1,100

Studio Apartment & Off Street Parking for Sale in Obs

Sole Mandate

Semi-Furnished Sale

Situated in a prime location, this top-floor corner unit is the epitome of modern living, having been recently renovated with stylish upgrades throughout. Offering a blend of convenience and comfort, this apartment is ready for you to move in or to continue as an investment opportunity.

Key Features:

Semi-Furnished: The unit comes equipped with new Defy appliances including a fridge, stove, washing machine, and microwave. Additionally, there is a high-quality bed and block-out curtains for ultimate privacy and comfort. Rugs and mirrors are also included, ensuring a sleek, move-in ready space.
Long-Term Lease: Currently tenanted with a long-term lease in place at R8,300 per month for a minimum of 12 months or longer, offering immediate rental income for the savvy investor.
WIFI Ready: The apartment is WIFI ready, with the tenant responsible for the cost of their internet service. This makes it an ideal setup for tenants who rely on a fast and reliable connection for work or leisure.
Utility Costs: Water is included, making budgeting easier for the tenant. However, electricity is prepaid, which ensures that the tenant has full control over their usage.
Parking: The apartment comes with 1 off-street parking bay that is remote access controlled for added convenience and security.
Recently Renovated:

The apartment block, along with the unit itself, has undergone a recent renovation, meaning you’ll enjoy fresh finishes, modern design, and all the benefits of a well-maintained building.

Perfect for Investors or Home Seekers:

With its long-term tenant already in place and generating rental income, this unit is an excellent option for investors looking to expand their portfolio. Alternatively, it’s a perfect choice for those seeking a modern home with minimal maintenance.

Don't miss the chance to own this stylish and convenient apartment. Contact me for more details or to schedule a viewing!

Features

0.5
1
Pets Allowed
No
Interior
Bedrooms
0.5
Bathrooms
1
Kitchen
1
Reception Rooms
2
Furnished
Yes
Exterior
Security
Yes
Parkings
1
Pool
No
Sizes
Floor Size
35m²
Land Size
35m²
Marcell Bester
Marcell Bester
Principal Property Practitioner Registered with PPRA
(FFC 2023219189)
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