2 Bedroom apartment for sale in Mowbray, Cape Town

R1,100,000
  1. 2
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  3. Web Ref: 1042231
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Property Features

ERF Size 0 m²
Rates R493 per month
Building Size 71m²
Sectional Title Levies R1,500

Interior Features

2 Bedrooms
1 Lounge
Security
1 Bathroom
1 Store Room
House Levels

Exterior Features

Balcony

Lucrative Investment Option

This ground floor property is an ideal opportunity for the enthusiastic Purchaser wishing to invest in a conveniently situated property with the prospect of transforming it into a very valuable asset and income producing property or for self occupation.

This large Two bedroom property has a full bathroom with bath, well sized kitchen with some BIC and comes with a North facing Balcony and storeoom.

This property requires renovation and could be transformed into a very attractive apartment with an economical refurbishment yielding luctrative returns.

The property also lends itself to a conversion into a three bedroom apartment utilizing the lounge as a third bedroom for student / single room accommodation.

Current rental is R8,000.00pm with an achievable rental of +/- R9,000.00 - R10,500.00 per month after renovation (2 bed) or
+/- R13,000.00pm (3 bedroom)

Conveniently situated within close proximity of UCT, with easy access to the Jammie Shuttle, public transport, the M3 and N2 highways and a ten minute drive to the Southern suburbs and City Centre, this fixer-upper is an ideal choice for the keen Purchaser looking for a renovation project and an outstanding buy-to-rent investment option.

Please contact me to view this property after lockdown or an offer "subject to viewing" can be submitted.

Contact the agent

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