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48 Van Riebeeck Street, Alberton North, Alberton, Gauteng
R 240 000
This 29m² bachelor unit is located in KG Centre, Alberton, a centrally positioned mixed-use building with retail outlets on the ground floor and residential units above. The unit comprises a single open-plan space, allowing flexibility in layout for sleeping, living, and kitchenette areas. Sanitary facilities are located within the unit and form part of the open-plan configuration. The layout offers scope for reconfiguration and improvement as part of a renovation. The apartment is in need of upgrading and is being sold as-is, making it suitable for buyers looking to add value through refurbishment. With the correct upgrades, the unit could be suited to long-term rental, short-term accommodation, or affordable urban living, depending on the buyer’s strategy. KG Centre offers convenient access to public transport routes and surrounding amenities, contributing to consistent demand in the area. This property is best suited to: ·Cash buyers ·Investors or renovators ·Buyers seeking an entry-level unit with value-add potential The unit is currently tenanted, with a tenant in place paying R2,300 per month in rental income, but could realistically get R3,000 - R3,500. Call me to arrange a viewing and we can discuss your options.
Estimated monthly repayment
R 2 266
on a R 216 000 bond over 20 years at 11.25%
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48 Van Riebeeck Street, Alberton North, Alberton, Gauteng
Listed by
Amahle Shabalala
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