KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Retreat – Cape Flats property with good rental potential

Retreat on the Cape Flats is an established neighourhood, on a busy public transport route, close to major shopping centres and other amenities.

This property is secured behind high walls and gates, for peace of mind, yet not completely hidden from view.

Set on a 496m² erf, the grounds accommodate two separate units, plus a garden cottage/granny flat. The first unit includes two bedrooms, lounge, kitchen and bathroom, while the second unit has two bedrooms, kitchen and bathroom. The granny flat includes one bedroom, kitchen and bathroom.

Collectively, these units can yield significant rental income, and with the demand for rental properties in the area being on a constant increase, there should be no shortage of good tenants.

 “Retreat has become highly sought after with investors in the buy-to-rent market and this property, which requires very little maintenance, could yield good rental income from the three separate living units,” said Sanjeev Boyjoonauth, ClareMart Senior Auction Agent.

On show at 15 First Avenue Retreat on Sunday 10 December from 2-5pm.

Don’t miss this exciting on-site auction on Monday 11 December at 12noon.  A 5% deposit and 10% auctioneer’s commission (excluding VAT on commission) will be payable on the fall of the hammer. The balance is payable on registration of transfer. For more information, contact Sanjeev Boyjoonauth on sanjeev@claremart.co.za, 021 425 8822 or 071 223 9552, and visit www.claremart.co.za