R1,300,000
R1,300,000
18 Reimers street
Monthly Bond Repayment R14,088.19
Calculated over 20 years at 11.75% with no deposit.
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Monthly Levy
R1
R1
Monthly Rates
R986
R986
Special Levy
R1
R1
Multi-Tenanted Converted Jeppestown House For Sale
Positioned on two stands, this house has been converted into 6 units. Around the perimeter, another 14 rooms have been well constructed. In addition, there is a two-roomed cottage on the site
Features include: Originally 3 bedrooms, bathroom, entrance hall, lounge, fireplace, separate dining room, large kitchen, pantry, enclosed rear patio. Now there is: 6 units within the house, wrap around front verandah, wooden & tiled floors, pressed ceilings, security gates, burglar proofing, ornate stone front entrance, bay windows, front security gate, parking for 6 cars, driveway, paveway, two roomed cottage, 14 individual rooms around the perimeter of the property, 3 outside toilets, shower, iron roof and patio outside each unit. There are approved plans for all additions
Total net monthly rental income is R32 000 (each room R1800 per month, cottage R2000 per month, expenses R6000 per month) This relates to a yield of 28% 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
Interior
Bedrooms
3
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Security
Yes
Flatlet
14
Sizes
Floor Size
510m²
Land Size
9,900m²
Extras
24 Hour Access • Accommodation • Bachelor Studio • Bath Toiletand Basin • Bay • Burglar Bars • Classical • Colonial • Courtyard • Covered Patio • Curtain Rails • Domestic Bathroom Out Buildings • Driveway • Conventional • Entrance Hall • Fireplace • Flatlet • Freestanding • Granny Flat • Ground Floor • Level Road • On Street Parking • Outside Toilets • Pantry • Patio • Perimeter Wall • Paveway • Pressed Ceilings • Residential • Secure Parking • Security Gate • Shared Living • Separate Toilet • Spacious Entrance Hall • Suburban • Totally Walled • Traditional • Veranda • Victorian • Visitors Parking • Wood Window • Wooden FloorsJeppestown, 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...
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