All you ever wanted!! 3 Bedrooms! Secured estate! Perfect position! Priced right!
This duplex is situated in a secured estate close to the N1 en-route to Cape Town and Paarl. It is also close to the main route to Bellville, Durbanville and the northern suburbs in general. Glen Garry and Capegate shopping centres are literally down the road with a Super Spar across the road. High schools and primary schools are in close proximity. The estate has electric fenced perimeter walls and a remote intercom access main gate. The property offers 3 bedrooms on the first level. All the bedrooms have built in cupboards. The main bedroom have an en-suit and the other two bedrooms share the main central bathroom. Downstairs there is an open plan kitchen interlinked with a cum living/dining area. If you walk through the patio door you step into a private enclosed garden area.
This property also have a single garage and 2 parking areas. The property is currently leased and the lease expires on 30 April 2018. If an investor is interested in this property the rental contract has an escalation clause of 10% which will yield a 80+% return on investment. At the current escalation clause the rental income will exceed the total bond and levy expense within 3 years. This property is also perfect for a fully furnished self catering accommodation as there is a major need for similar accommodation as Cape Gate Medical clinic is in close proximity and families of the patients need accommodation nearby. An income of R1000+/day is possible thus at a 75% occupation rate an income of R20,000+ per month is capable. If the buyer would want to occupy the property themselves then occupation will be on 1 May 2018. Don't delay ... contact me today!
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