R450 000 | 1 Bedroom Apartment / Flat For Sale in Rivonia, Sandton

Excellent entry-level investment opportunity in the heart of Rivonia.

This residential apartment in the established River View complex is currently tenanted at R6,000 per month, with the tenant paying electricity, providing immediate rental income from day one.

At the asking price of R450,000 NOT NEGOTIABLE, the current rental equates to an attractive 16% gross annual rental yield.

The complex is conveniently positioned in Rivonia with controlled access and is managed by an established body corporate.

Property highlights:

* Bachelor apartment 33sqm plus balcony.
* Currently rented at R6,000 per month
* Tenant pays electricity
* Gross rental income of R72,000 per annum
* 16% gross rental yield at asking price
* Established sectional-title complex
* Convenient Rivonia location
* Ideal buy-to-let investment

Asking Price: R450,000 – NOT NEGOTIABLE

An affordable investment with an existing income stream and strong rental return.
Costs:

Monthly costs:

* Levy: R846.65 plus insurance R7,79
* CSOS Levy: R6.93
* Reserve Fund Levy: R84.67
* Water Levy: R123,90
* Domestic Effluent: R890,65
* Rates: R717
* Pre paid electricity paid by tenant

Pool Area

• NOT NEGOTIABLE