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2 Bedroom Apartment For Sale in Morningside

R4,500,000


Monthly Bond Repayment R47,216.52
Calculated over 20 years at 11.25% with no deposit.

Web Ref No RL7996

FOR SALE: Luxurious 2 Bedroom, 2 Bathroom Furnished Apartment at Masingita Towers, Morningside

FOR SALE: Luxurious 2 Bedroom, 2 Bathroom Furnished Apartment at Masingita Towers, Morningside

Discover this modern 106m² apartment situated on the 9th floor of the prestigious Masingita Towers in the heart of Morningside. Fully furnished and designed for both comfort and style, this property offers an exceptional investment opportunity.

Apartment Features

• 2 Spacious Bedrooms: Stylish and equipped with ample built-in cupboards.
• 2 Modern Bathrooms: Includes an en-suite main bathroom and a second guest bathroom.
• Open-Plan Living: Elegant kitchen, dining, and living areas with high-end finishes.
• Spectacular Views: Enjoy stunning vistas of Sandton from the 9th floor.
• Fully Furnished: Move-in ready with quality furniture and appliances.

Amenities at Masingita Towers

• 24/7 Security: Access-controlled entry, CCTV surveillance, and patrolling guards.
• On-Site Restaurant: Dine conveniently at the sophisticated in-house restaurant.
• Swimming Pool: Perfect for relaxation and leisure.
• Fitness Centre: Stay active in the fully equipped gym.
• High-Speed Wi-Fi: Fibre-ready for work or entertainment.
• Concierge Services: Catering to your every need.

Prime Location

Situated in Morningside, this property offers unparalleled access to:
• Sandton CBD: Close proximity to corporate offices, Sandton City, and Nelson Mandela Square.
• Shopping & Dining: Surrounded by top-class restaurants, bars, and shopping centers.
• Healthcare: Near leading private hospitals and clinics.
• Transport: Easy access to the Gautrain and major transport routes.

Investment Opportunity

The apartment is Airbnb-friendly, making it ideal for investors. With an average of 22 nights booked per month at R2,500 per night, it generates significant rental income. Alternatively, it can be rented long-term for R35,000 per month.

Financial Breakdown

• Short-Term Rental ROI: 14.67% annually (based on average bookings and rates).
• Long-Term Rental ROI: 9.33% annually (based on a monthly rental of R35,000).

Asking Price: R4,500,000

This apartment combines luxury, location, and exceptional income potential.

Don’t miss out on this rare opportunity! Contact me today to arrange a viewing. 

Features

Bedrooms 2
Security Yes
Bathrooms 2
Recep. Rooms 2
Floor Size 106m²
Land Size 4,441m²
Carports/Parkings 2
Pool Yes

Agent Contact Details

Nkululeko Mpambo
Mandated Property Group

Cell 0695787229
Office (010) 1094750
WhatsApp Me

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