1 Bedroom apartment

R 1,143,000

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13 days ago26 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):1
Bathrooms (#):1
Size (sqm):25
Parking:None
Description
Superbly Positioned and Excellently Priced !!
An excellent combination of LOCATION and PRICE makes 1 on Albert in Woodstock an ideal investment opportunity for seasoned investors, as well as young professionals/first time homeowners.
These high-end furnished studio apartments with the latest in space-savvy appliances have a modern feel and lovely views of Table Mountain and parts of Cape Town harbour. It is  fitted with fiber and TV/Netflix and is Tenant Ready. The complex has a lovely communal lounge with TV, and a outside pool and gym.  Parking is not included in the purchase price but can be made available for purchase at an extra cost.
Security is key and the complex has close circuit TV, a centrally situated hotel style lobby/reception and a lift to access the underground parking , all eight floors  the communual lounge and the pool & gym.
With retail space below, residents will have on-demand access to meeting and eating spots, laundromats, a pharmacy and entertainment areas.
One on Albertis conveniently located in proximity to several key locations and enjoys quick and easy access to the City Bowl and Southern Suburbs, thanks to its strategic positioning between the N2 and N1 highways.  It is also in easy reach of Cape  Town International Airport (16km), Robben Island Ferry ( 4.6 km) , the  V&A Waterfront  ( 6.2 km) and Kirstenbosch National Botanical Garden which is only 10 km away.
Woodstockwith it's abundance of historical landmarks and buildings, cultural activities and creative shops provides for a bespoke ambience, delightful character and a uniquely diverse property market. Apart from its convenient location Woodstock’s continual growth can be ascribed to the successful mix of residential, commercial, artistic and social factors which have been achieved ; thus attracting a broad range of investors, home buyers and tenants. Despite with the escalation in price, many prospective buyers still feel that Woodstock remains more cost-effective than the Atlantic Seaboard and the inner CBD - driving the demand up even further.
Another component, adding to Woodstock’s appeal is that this suburb has been identified as an Urban Development Zone (UDZ).
The opportunity : Opt for Investing early in one or more  of the Tenant Ready studio apartments  (24 sqm-27sqm ) in 1 on Albert which is known for AirBnB accommodation with high occupancy rate and good yield history !

Has Pool
Property Reference #: 7002001-49533

Agent Details:
Yvonne van der Merwe
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274179077
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Estimated monthly repaymentR 12,387
Total property loan amountR 1,143,000
Total interestR 1,829,826
Total repaymentR 2,972,826
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
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