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Well located commercial/retail building for sale in Jeppestown

R 1,365,000

Can I afford this?
1 year ago635 views
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General Details
Location:
Other, Johannesburg
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:
Velile Moroe
OfficePlace
API House
Ground floor
85 Wessel Road
Rivonia

Id Subtitle 1283079099
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Estimated monthly repaymentR 13,858
Total property loan amountR 1,365,000
Total interestR 1,960,891
Total repaymentR 3,325,891
Interest rate at 10.75% for 20 years *
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