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7308 Ss Palm Springs, 2a Wemyss Street, Brooklyn, Milnerton, Western Cape
R 799 950
An excellent opportunity to secure a 1-bedroom investment apartment in Palm Springs, with an existing tenant already in place and generating a monthly rental income of R7,800, subject to the agreed annual escalation. Ideal for investors looking for a simple, income-producing property in Cape Town, the apartment offers the added benefit of optional full rental and property management through the on-site property management company. From tenant management and rental collections to inspections, maintenance coordination and general day-to-day administration, the property can be managed on your behalf, making this an ideal hands-off investment opportunity. Investment Highlights: 1 Bedroom apartment Existing tenant in place Current rental income of R7,800 per month Annual rental escalation Optional full rental management On-site property management company Ideal Cape Town buy-to-let investment Immediate rental income from an established tenancy Buy today and start earning rental income from day one.
Estimated monthly repayment
R 7 554
on a R 719 955 bond over 20 years at 11.25%
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7308 Ss Palm Springs, 2a Wemyss Street, Brooklyn, Milnerton, Western Cape
Fair-value check
Good valuePriced 42% below comparable 1-bed apartments for sale in Brooklyn
Based on 31 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Annika Pretorius
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