2 Bedroom apartment for sale in Mowbray, Cape Town
Web Ref: 1042243
A Fixer Upper Opportunity
This ground floor property is an ideal opportunity for a keen Investor 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 two bedroom property comes with a well sized bathroom with bath. large kitchen and North facing balcony.
The property would benefit from an economical refurbishment for maximum rental returns and transform it into an attractive and very comfortable apartment.
The property could also be converted to a three bedroom, student / single room acccommation apartment by converting the lounge into a third bedroom.
The property is currently tenanted at a monthly rental of R8,900.
Achievable rental: +/- R10,000.00 per month or +/- R13,000.00pm as a three bedroom unit.
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 creative Purchaser looking for a renovation project and an outstanding buy-to-rent investment option.
Please contact me to view this property after Lockdown.
Should you wish to submit a conditional offer subject to viewing after lockdown, that can be arranged
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