If Virgin Active converts their gym next door into a Collection Club, it’s a clear sign of where this part of town is heading. This Lower Gardens one bedroom suits investors and owner-occupiers alike. It is currently tenanted at R18,000 per month, a 6.97% gross yield. Furniture is available on request, and short-term letting is allowed, so it can run as a turn-key Airbnb or a steady long-term rental.
Ceilings are high and rooms are generous. Natural light reaches every corner. The balcony views are the biggest surprise, and photos don’t capture them, so you have to see them in person.
Secure underground parking has direct lift access to the apartment on the 2nd floor. There is 24 hour on-site security, and residents share a communal pool. Wembley Square is a short 2 minute walk away, with shops nearby and a newly renovated Virgin Active gym right next door.
Live in it or let it out, the numbers and the lifestyle both work.
Contact Miles Manders to arrange a viewing.
City and Atlantic Real Estate cc Trading as RE/MAX Living, an independently owned and operated franchise of RE/MAX SA. Registered with the PPRA.
Disclaimer: Any price displayed in a foreign currency is for information purposes only and is an estimate based on the applicable exchange rate at the time of publication. Exchange rate fluctuations may result in variations. The official asking price is the South African Rand (ZAR) price.
