1 Bedroom Apartment For Sale in Stellenbosch Central

R1,440,000

Monthly Bond Repayment R15,356.59
Calculated over 20 years at 11.5% with no deposit.

Web Ref No RL32829

Charming bachelor apartment in Stellenbosch Central, perfect for investors or first-time buyers!

Positioned conveniently on Merriman Avenue, De Watergracht presents a fantastic investment opportunity for those seeking an affordably priced apartment in Stellenbosch.
This open-plan bachelor unit is flooded with natural light and features a bathroom as well as a tidy kitchen. The bedroom area is equipped with built-in cupboards and has ample space for a three-quarter bed and a desk, with access to a communal balcony. The kitchen offers undercounter space for a washing machine or dishwasher, along with room for a refrigerator. All doors are secured with security gates, and the windows are fitted with burglar bars for added safety.
The complex boasts a communal braai area and a patio with stunning views of the town and surrounding mountains, along with one secure basement parking space and controlled access.
As an investment property, you can rest easy knowing that the unit has a renewed lease for 2025 with a reliable tenant who has enjoyed living here for the past year and a half. The rental for 2025 is set at R8164.80 per month.
Contact sole exclusive agent for further details and arrangements to view.

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Features

Bedrooms 1
Security Yes
Bathrooms 1
Floor Size 26m²
Land Size 2,709m²
Carports/Parkings 1
Monthly Rates R252.97
Monthly Levy R1,056.84