R450,000

This well-positioned bachelor apartment in Ferndale presents an excellent investment opportunity with strong returns and consistent tenant demand. Currently tenanted, the property offers a gross annual return of 14.5%, making it ideal for investors seeking a low-maintenance, income-generating asset. The unit features a well-sized open-plan kitchen and living area that opens onto a private balcony, enhancing its rental appeal. Ample built-in cupboard space and a practical layout make it highly attractive to single tenants and young professionals. Situated within a secure, well-managed complex offering 24-hour access-controlled security, the property provides peace of mind for investors. Additional features include underground basement parking and access to a communal swimming pool. Ideally located close to major routes, business hubs, and shopping centers, this apartment benefits from strong rental demand and excellent accessibility.