2 Bedroom Apartment For Sale

Henk specializes in brokering fast, focused, investment-driven property deals.

Super-clean, turnkey 2-bedroom, 1-bathroom apartment with a tenant already placed. Secure, well-run complex with 24/7 security, CCTV, swimming pool, kids’ play area, dedicated laundry and washing areas, with easy access to public transport, Stellenbosch and surrounding areas.

Figures:

• Current rent: ±R8 400 p.m. (including water & effluent)
• Estimated renewal rent: ±R9 500 p.m.
• Gross rental income at renewal: R114 000 p.a.
• Gross rental yield at renewal: ±12.3%
• Estimated bond repayment on a 100% bond over 30 years at prime −1.5%: ±R7 443 p.m.
• Estimated cash flow after bond, rates & levies: ±R412 p.m. positive (renewal at end of 2026)

Added investment advantage: The body corporate is financially healthy, with the latest financial year reflecting a cash balance of more than R800 000.

New hospital development less than ±3 km away, close to the train station and with bus services towards Stellenbosch University and UWC.

Urgent sale. Offers need to be submitted subject to viewing. All supporting documentation is in place. First come, first served. This property won’t stay on the market for long.