3 Bedroom Townhouse For Sale in Pretoria

Property description

Exclusively mandated to present to you!

A Modern Double-Storey Home with Excellent Investment Potential in a Quiet Cul-de-Sac.

Situated in a peaceful cul-de-sac in sought-after, boomed Ridgefield Security Community, this modern double-storey home offers spacious accommodation, quality finishes and an attractive investment opportunity. With an existing rental income of R18,500 per month, this property is ideal for an investor seeking immediate rental income or a buyer looking for a future home in this established Pretoria East suburb.

The home forms part of a unique development comprising two mirror-image, fully independent residences on a 1,225 m² stand. Each home has its own separate municipal water connection and meter, as well as a separate Tshwane prepaid electricity connection.

The subdivision process had already reached an advanced stage but has not yet been completed. The seller remains responsible for the completion of all legal processes.

Spacious, Modern Accommodation
The home offers approximately 273 m² under roof, thoughtfully arranged over two levels.

Ground Floor
• Double automated garage
• Spacious open-plan living and dining area
• Modern kitchen with granite countertops
• Gas and electric hobs
• Double electric oven
• Walk-in pantry
• Separate scullery
• Space for a washing machine, dishwasher, tumble dryer, fridge and freezer
• Guest/Servant’s toilet

First Floor
• Spacious family room or pajama lounge
• Balcony
• Additional area ideal for a home office or study
• Main bedroom with ample built-in cupboards and en-suite bathroom
• Two additional bedrooms
• Second full bathroom with a large, comfortable shower

Outdoor Living
The north-facing home enjoys excellent natural light and winter sunshine. The private, pet-friendly garden measures approximately 485 m² and provides space to relax, entertain or enjoy outdoor living.

The quiet cul-de-sac setting adds to the appeal, offering a tranquil residential environment within easy reach of Pretoria East amenities.

Well-Maintained and Ready to Enjoy
The home has recently been painted inside and outside as well as waterproofing done of the balconies.

Building plans and occupation certificates are in place.

An Attractive Investment Opportunity
The property currently generates R18,500 per month in rental income, equivalent to R222,000 per annum.

At the asking price of R2,800,000, this represents an indicative gross rental yield of approximately 7.93% per annum, before expenses, maintenance, vacancies, insurance, rates and taxes.

The existing lease runs until April 2027. The tenant has indicated a willingness to extend the lease, subject to agreement with the owner.

Property Features at a Glance
• Asking price: R2,800,000
• 3 bedrooms
• 2 bathrooms
• Guest/Servant’s toilet
• Double automated garage
• Approximately 273 m² floor area
• Approximately 485 m² private garden
• North-facing orientation
• Granite kitchen countertops
• Gas and electric cooking facilities
• Separate municipal water connection and meter
• Separate prepaid electricity connection
• Approved building plans and occupation certificate
• Existing rental income
• Quiet cul-de-sac location
• Gated Community

For more information and to arrange a private viewing, contact Jaen.

JUST IMAGINE…..
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Words and phrases have strong meanings. The word JUST would refer to being "treated Fair" and "with Respect.'
The word IMAGINE stems from the Latin word that would refer to "Image" or "Picture."
PROPERTY has its origin in the Latin word "Proprietatem" which means "Enjoyment" and the "Right of Possession."

In conclusion, DREAMING originates from the words "Joy", "Vision" and "Goal."
We manage to turn Vision, Goals, and Joy into the Enjoyment and Possession of Real Estate.

To really "Turn Your Dreams into Realty" a Team consisting of highly skilled Professionals were selected as Property Professionals. A Team with not only Qualifications and Experience in Real Estate but also in other Professions such as Engineering, Social Sciences and Accounting.