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Well located commercial/retail building for sale in Jeppestown
R 1,365,000
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2 years ago374 views
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General Details
Location:
Description
Price: R1,365 million (transfer duty applicable)
Building size: 407,3sqm
ERF size: 248sqm
Annual income: R216,000
Annual expenses: R54,000
Annual income less expenses: R162,000
This historic building has outlived many of its counterparts from 1922, and is now for sale. This building is a well known spot on Jules Street. It houses a pub on its upper level and a grocery shop on the ground floor; with a spares shop being added into the mix. This is an investment property.
The property has 3 phase power; 2 water meters; 3 toilet facilities; and each tenant has their own electricity meter.
Property Reference #: SD248JEP-FS
Agent Details:
Khumo Molefe
Officeplace
API House
Ground floor
85 Wessel Road
Rivonia
Building size: 407,3sqm
ERF size: 248sqm
Annual income: R216,000
Annual expenses: R54,000
Annual income less expenses: R162,000
This historic building has outlived many of its counterparts from 1922, and is now for sale. This building is a well known spot on Jules Street. It houses a pub on its upper level and a grocery shop on the ground floor; with a spares shop being added into the mix. This is an investment property.
The property has 3 phase power; 2 water meters; 3 toilet facilities; and each tenant has their own electricity meter.
Property Reference #: SD248JEP-FS
Agent Details:
Khumo Molefe
Officeplace
API House
Ground floor
85 Wessel Road
Rivonia
Id Subtitle 1082722436
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Estimated monthly repaymentR 14,793
Total property loan amountR 1,365,000
Total interestR 2,185,225
Total repaymentR 3,550,225
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Selling for 6+ years
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