| Investment Bachelor Unit in Melville Mews, Auckland Park |
An excellent investment opportunity in the well-managed Melville Mews complex. This bachelor apartment offers exceptional potential for investors seeking to expand their rental portfolio or generate steady rental income. Requiring minor cosmetic attention, it presents an ideal value-add opportunity with the potential to increase both rental returns and capital value.
The apartment is ideally positioned in one of Auckland Park's most sought-after rental areas, with strong demand from students, young professionals, and healthcare workers due to its proximity to the University of Johannesburg (UJ), Milpark Hospital, AFDA, Campus Square Shopping Centre, 44 Stanley, and major transport routes. Its location supports consistent tenant demand and low vacancy rates, making it a sound long-term investment.
The kitchen is fully tiled and fitted with built-in cupboards, melamine countertops, a single sink, space for a refrigerator, and a freestanding stove. The ceiling is clean and well maintained.
The open-plan bedroom and living area features a carpeted floor, built-in cupboards, and a large window that allows for plenty of natural light and ventilation. A sliding door opens onto a private tiled balcony with views towards 44 Stanley and Milpark.
The bathroom is fully tiled from floor to ceiling and includes a glass-enclosed shower, single vanity with basin, and a mirror.
Whether you are a first-time investor or looking to grow your property portfolio, this bachelor apartment offers affordability, excellent rental potential, and the opportunity to add value with minimal improvements. With its prime location and strong rental demand, it is an investment well worth considering.
ERF Size 2,788 m²
Building Size 27m²
Rates R600 per month
Sectional Title Levies R1,390
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Ngcebo Ntombela
c. 0738977090
ngcebo.ntombela@rawson.co.za
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