R 1 750 000

Excellent opportunity to acquire a fully tenanted, income-generating property in Brooklyn, Cape Town, ideally located close to Koeberg Road and all major amenities including schools, shops, public transport routes, the beach and Cape Town CBD.

This property is marketed and will be purchased with the existing tenancy in place, making it a ready-made investment with immediate cash flow. The property generates a stable monthly income of R15,000, offering investors a high-yield opportunity with an estimated 10%+ cap rate at the asking price of R1,800,000.

The property is professionally managed by a reliable Master Tenant (sub-lessor) who has been in place for many years. Payment records for the past 6 months are available to verify the consistent rental income and stable cash flow.

Over the past two years, the owner has invested in various repairs and improvements, all managed by the current team. Payment records for these works are available, confirming the property is well maintained and investment-ready.

The main house offers 3 bedrooms, a kitchen, lounge and family bathroom, with tiled and wooden flooring throughout and prepaid electricity installed. At the rear of the property there are 2 self-contained flatlets, each consisting of 1 bedroom, bathroom and kitchen area, contributing to the overall rental income.

The property is fully walled and enclosed, with paved grounds throughout and secure parking for up to 3 vehicles within the premises. Erf size 312 sqm | Building extent 142 sqm | Rates approximately R499 per month | Pet friendly | Building plans available. The property is in average, unrenovated condition, presenting an excellent opportunity for investors seeking consistent rental income with long-standing tenancy already in place.