2 Bedroom apartment for sale in Mowbray, Cape Town

R1,570,000
  1. 2
  2. 2
  3. Web Ref: 1042250
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Property Features

ERF Size 0 m²
Rates R496 per month
Building Size 89m²
Sectional Title Levies R1,546

Interior Features

2 Bedrooms
2 Lounges
House Levels
2 Bathrooms
Security

Exterior Features

Balcony

An excellent Investment Opportunity

These two ground floor properties are ideal opportunities for the keen Investor wishing to invest in two conveniently situated properties with the prospect of transforming them into very valuable assets and income producing properties.

The first property is a large one bedroom unit currently utilized as a two bedroom apartment with a potential income of +/- R9,000.00 pm.

The second property is a one bedroom flatlet comprising two rooms and full bathroom with a potential income of +/- R5 000.00 pm

The properties require some renovation and could be transformed into very attractive apartments with an economical refurbishment ensuring excellent rental returns.

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.

Contact the agent

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