Multiple properties for sale in the Maboneng business district

R 4,500,000

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2 years ago417 views
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General Details
Description
3 Erven for sale in Jeppestown. Measurements equate to the total size. These are 3 classical buildings which are enriched in the history of Jeppestown which have housed a shoe factory, retail outlets, and a doctors surgery.

Good investment with good returns. Building may need some maintenance work but mostly still in an good condition.

Building information is as follows:

Commercial tenants: 5
Residential tenants: 6 flats
Net annual income: R787, 920 (R65,660)
Gross annual expenses: R274, 476 (R22,873)

Property documents available upon request.

Connects easily to Mooi street, which ultimately connects to the M1 and M2 highway network system. Public transport facilities easily accessible.

Property Reference #: SD744MA

Agent Details:
Khumo Molefe
Officeplace
API House
Ground floor
85 Wessel Road
Rivonia

Id Subtitle 1070387747
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Estimated monthly repaymentR 48,767
Total property loan amountR 4,500,000
Total interestR 7,204,037
Total repaymentR 11,704,037
Interest rate at 11.75% for 20 years *
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Officeplace
Selling for 6+ years
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