R 550 000

Compact and well-positioned 1-bedroom apartment in the Grand Central development in Wynberg, Cape Town. Unit 164 forms part of a modern multi-storey residential complex offering a range of security features and communal amenities that make it an attractive buy-to-let investment or entry-level home.

The open-plan living and kitchen area is finished with large neutral floor tiles and features a characterful orange-painted exposed brick accent wall. The kitchen is fitted with white cabinetry, a tiled splashback, an under-counter oven and hob, and a single sink. An intercom handset is wall-mounted in the living space. A single window admits natural light into the living area.

The bathroom is a compact full bathroom with toilet, basin, and shower with curtain, finished in white tiles and painted brickwork. A short entrance passage connects the front door to the main living area, with the bathroom accessed off the passage.

The unit includes a secure park bay and benefits from 24-hour manned security, CCTV surveillance, biometric fingerprint access control, and high-speed Internet connectivity. Communal amenities include a braai area, a children's play area, and an onsite building manager. DSTV plug-and-play is installed.

The location is exceptionally convenient: Solo Wynberg shopping mall is virtually on the doorstep (±11 m), Dis-Chem Pharmacy is within 250 m, and Wynberg Centre and The Chelsea Courtyard are both within 360 m. Maynardville Park, a well-known green space, is roughly 210 m away. Public transport connections are close at hand.

Offered for sale at R562 000 (cash) or R582 000 (bond), with a 12-month rental guarantee included. Current rental income is R7 700 per month, yielding approximately R72 792 net per year.