R990,000
R990,000
10
Bedrooms
3
Bathrooms
6
Parkings
Monthly Levy
R1
Special Levy
R1
Monthly Rates
R917
Total
R919
Large Divided House Plus Many Outbuildings For Sale in Jeppestown
235 Park street
Web Ref.
RLS967097
Built on 3 stands, this large home has been divided up into 10 separate bachelor rooms. There are also 9 outside rooms with ablution facilities. Despite needing major renovations, the property, when fully tenanted, brings in a monthly income of R25 000.
Once renovated, the income can increase dramatically. As it stands, at the asking price of R990 000, the property, after expenses, realizes a Yield of 29%
Features: 10 rooms inside, 2 bathrooms, 3 toilets, shower, bath, basin, 9 outside bachelor rooms,, communal bathroom with bath and toilet, wooden, carpeted and tiled floors, fireplace, wooden window, frames, and doors, front covered veranda, small rear garden, front garden utilized the parking of 6 cars, security gates
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.
Once renovated, the income can increase dramatically. As it stands, at the asking price of R990 000, the property, after expenses, realizes a Yield of 29%
Features: 10 rooms inside, 2 bathrooms, 3 toilets, shower, bath, basin, 9 outside bachelor rooms,, communal bathroom with bath and toilet, wooden, carpeted and tiled floors, fireplace, wooden window, frames, and doors, front covered veranda, small rear garden, front garden utilized the parking of 6 cars, security gates
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
Interior
Exterior
Sizes
Additional Amenities
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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Total Amount Repayable
R0,00
Monthly Repayment
R0,00
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