R1,795,000
Monthly Levy
R1
Special Levy
R1
Monthly Rates
R1,775
Total
R1,777
Well-Maintained, Well-Run Apartment Block of Three Floors with Eleven Units For Sale in Jeppestown
266 Fawcus street
Web Ref.
CLS3508
Ideally positioned close to taxi routes and bus stops as well as to busy Jules street, this face brick building is in good condition. Managed by a top rentals company, there is a Caretaker living on the premises
Features: 3 floors, 6 two-bed units, 4 bachelor units, caretaker's unit, security gates, burglar bars, wooden & tiled floors, balconies, BICs, kitchens, bathrooms with separate toilets, steel fire escape, basement parking for 8 cars, palisade fencing, corner stand, courtyard, paveway, views, concrete waterproofed roof, caretaker on site.
Income is R28 152 per month. This produces a Yield of 18.7% at the asking price
JEPPESTOWN
Jeppestown was established in or after 1886 by C.E.G. Julius Jeppe, who formed the Ford and Jeppe Estate Company with his son, who was also called Julius Jeppe, and L.P. Ford. In 1893, the Masonic temple was completed. In 1894, Jeppestown was described as consisting of "421 buildings, two churches, a Masonic temple, St Mary's Collegiate for Girls and a library". In 1896, the suburb had 5,647 inhabitants. St Michael's School for Boys, which has since been renamed Jeppe High School for Boys, was established in 1890, and the piece of open land called Julius Jeppe Oval was converted to a park in approximately the same year. The eastern part of Jeppestown came to be known as Belgravia.
Features: 3 floors, 6 two-bed units, 4 bachelor units, caretaker's unit, security gates, burglar bars, wooden & tiled floors, balconies, BICs, kitchens, bathrooms with separate toilets, steel fire escape, basement parking for 8 cars, palisade fencing, corner stand, courtyard, paveway, views, concrete waterproofed roof, caretaker on site.
Income is R28 152 per month. This produces a Yield of 18.7% at the asking price
JEPPESTOWN
Jeppestown was established in or after 1886 by C.E.G. Julius Jeppe, who formed the Ford and Jeppe Estate Company with his son, who was also called Julius Jeppe, and L.P. Ford. In 1893, the Masonic temple was completed. In 1894, Jeppestown was described as consisting of "421 buildings, two churches, a Masonic temple, St Mary's Collegiate for Girls and a library". In 1896, the suburb had 5,647 inhabitants. St Michael's School for Boys, which has since been renamed Jeppe High School for Boys, was established in 1890, and the piece of open land called Julius Jeppe Oval was converted to a park in approximately the same year. The eastern part of Jeppestown came to be known as Belgravia.
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Jeppestown, Johannesburg
Johannesburg...Joburg...Jozi...The City of Gold. It's a city that goes by a variety of names, and which has won acclaim around the world for various factors. From the urban vibes of Johannesburg's CBD, which has undergone a major rejuvenation, to many other areas such as Sandton, which has evolved from dirt roads to Africa's richest square mile, Gauteng's biggest city has much to offer. In the 130+ years since Johannesburg was formed, the city has transformed, in various stages, from tents and rudimentary structures to skyscrapers and towers. Former muddy tracks are now world-class road networks and public transportation systems, and the Highveld's grasslands have evolved into one of the world's biggest urban forests. Interesting...
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