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Income-generating apartments on offer

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Prime location, close to all amenities and public transport routes, and offers residents 24-hour security

Two flats in Wynberg’s Grand Central Apartments will be auctioned separately at the end of the month, offering bidders a good investment opportunity, says Tanya Jovanovski, franchisee of Rawson Auctions Western Cape.

“Grand Central Apartments is in a prime location, close to all amenities and public transport routes, and offers residents 24-hour security and a biometric security system,” says Jovanovski.

Both apartments on offer currently bring in monthly rental incomes.

Unit 136 is a bachelor flat with secure covered parking. Jovanovski says it currently generates R4100 a month in rental income and is let until the end of May.

The reserve price is R375000.

Unit 227 is a large, two-bedroomed apartment with secure basement parking.

The apartment is let until October and currently brings in a monthly rental income of R6800. The reserve price is R68 0000.

Both apartments will be auctioned at noon on March 28. All offers will be considered.

For more details or to book an appointment to view the apartments, call Ilda Santiago on 0847627195 or Tanya Jovanovski on 0218371700.

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