Why pay someone else's bond when you can own in the heart of Sandton for only R590,000? This spacious apartment is a great investment for the first-time home buyer or a savvy investor, offering the perfect balance of size, location, and financial return with an existing long term tenant and a gross yield of 17.3%.
Discover a peaceful urban sanctuary in the heart of Morningside. Portobello Place is an ever-popular and sought-after complex known for its tranquil living and secure, established feel—all while being just a stone’s throw from the vibrant Sandton CBD. This well-managed complex offers a rare blend of quiet residential charm and ultimate city convenience.
Unbeatable Value:
If you are looking for space and a strategic location in a lovely tranquil complex without the premium price tag, this middle-floor apartment is the perfect find. It offers the rare combination of an entry-level price point and a massive footprint in the heart of sought-after Morningside.
For the Investor:
- High Performance: At a competitive entry price of R590,000, this property offers an incredible 17.3% gross annual yield, far exceeding the area average.
- Tenant in Place: There is a reliable tenant currently in the property who would like to stay on if sold to an investor, ensuring immediate rental income from day one.
- Rental Asset: This unit is a high-demand rental due to its size and proximity to Sandton’s business hub.
The Apartment:
- Living Space: An open-plan, tiled lounge and dining area that leads out to a large undercover balcony.
- Functional Kitchen: Neat, open-plan kitchen with a practical breakfast counter.
- Extra-Large Bedroom: The carpeted bedroom is exceptionally spacious and easily fits a king-size bed. It features a walk-in cupboard section plus additional floor space for a chest of drawers or a dresser.
- Bathroom: A neat, original full bathroom (bath and shower).
Complex Features:
- Pool Area: Enjoy a sparkling pool and a communal clubhouse area—perfect for enjoying your braai by the pool on hot summer days.
- Security: 24-hour guarded security, strict access control, electric fencing, and intercom system.
- Parking: 1 allocated covered parking bay plus ample visitors' parking.
- Policies: Portobello Place is a pet-free complex and no AirBnB is permitted, ensuring a stable and quiet residential environment.
About Morningside, Sandton:
Morningside remains one of Sandton’s most prestigious and enduringly popular suburbs, known for its lush, tree-lined streets and proximity to the "Richest Square Mile in Africa."
- Work & Commute: Just minutes away from the Sandton CBD and Gautrain station.
- Shopping & Dining: Close to Morningside Shopping Centre, The Wedge, and Rivonia Village, Sandton City and Nelson Mandela Square.
- Healthcare: Home to the world-class Morningside Medi-Clinic.
- Leisure: Surrounded by top-tier gyms, cafes, and easy access to the M1 highway.
