800m² Apartment Block For Sale in Judiths Paarl
R1,200,000
94 Terrace road
Web Ref No CLS3507
Well-Run, Four Unit Apartment Block For Sale in Judith's Paarl
Recently painted, this 4-unit face brick & plaster apartment block in Judith's Paarl has been well maintained and is well run by the owner.
The block comprises 4 large, 2 bedroomed units of 120m2 with lounge, bathroom, separate toilet, kitchen and balcony.
Other features include: foyer, parquet & tiled floors, burglar bars, security gates, BICs, single parking bay per unit, prepaid water and electricity, cellar, stairway, iron fire escape at rear, courtyard, clothes lines, palisade fencing, security motor gate.
There are also 2 staff rooms on the roof which can simply be converted into income-producing bachelor flats.
Rental income is R230 000 per annum which translates to a yield of 19% This yield can easily be increased as rentals have not been adjusted for a number of years and the opportunity for extra income by the conversion of the staff rooms on the roof
JUDITH’S PAARL
Judith's Paarl is a suburb of Johannesburg, South Africa. It is a small suburb found on the eastern edge of the Johannesburg central business district (CBD), tucked between the suburbs of Lorentzville and Bezuidenhout Valley, with Troyeville and Kensington to the south.
The suburb was founded on one of the original farms on the Witwatersrand, after a strip of land was sold from the farm Doornfontein. It originates around 1896. The suburb is possibly named after a daughter of the Lorentz family. Other sources are Judith Cornelia Estresia, wife of the original farmer owner F.C. Bezuidenhout. It had a terminus for the Johannesburg tramway network on the corner of Ascot Road and First Street.
The block comprises 4 large, 2 bedroomed units of 120m2 with lounge, bathroom, separate toilet, kitchen and balcony.
Other features include: foyer, parquet & tiled floors, burglar bars, security gates, BICs, single parking bay per unit, prepaid water and electricity, cellar, stairway, iron fire escape at rear, courtyard, clothes lines, palisade fencing, security motor gate.
There are also 2 staff rooms on the roof which can simply be converted into income-producing bachelor flats.
Rental income is R230 000 per annum which translates to a yield of 19% This yield can easily be increased as rentals have not been adjusted for a number of years and the opportunity for extra income by the conversion of the staff rooms on the roof
JUDITH’S PAARL
Judith's Paarl is a suburb of Johannesburg, South Africa. It is a small suburb found on the eastern edge of the Johannesburg central business district (CBD), tucked between the suburbs of Lorentzville and Bezuidenhout Valley, with Troyeville and Kensington to the south.
The suburb was founded on one of the original farms on the Witwatersrand, after a strip of land was sold from the farm Doornfontein. It originates around 1896. The suburb is possibly named after a daughter of the Lorentz family. Other sources are Judith Cornelia Estresia, wife of the original farmer owner F.C. Bezuidenhout. It had a terminus for the Johannesburg tramway network on the corner of Ascot Road and First Street.
Features
Zoning Commercial
Monthly Rates R2,054.00pm Excl. VAT
Monthly Levy R1.00pm Excl. VAT
Floor Size 800m²
Land Size 447m²
Security Yes
Monthly Rates R2,054.00pm Excl. VAT
Monthly Levy R1.00pm Excl. VAT
Floor Size 800m²
Land Size 447m²
Security Yes
Extras
24 Hour Access
Accommodation
Awning
Balcony
Bath, Toilet and Basin
Built in Wardrobes
Burglar Bars
Carport
Courtyard
Complex
Communal
Covered Patio
Curtain Rails
Dishwasher Connection
Double Storey
Dual Living
First Floor
Freestanding
Ground Floor
Metropolitan
Mountain
On Street Parking
Oven & Hob
Parquet Floors
Patio
Paveway
Perimeter Wall
Residential
Secure Parking
Shared Living
Security Gate
Shower
Single Parking
Suburban
TV Antenna
TV Port
Telephone Port
Tiled Floors
Totally Walled
Washing Machine Connection
Broker Contact Details
Patrick Foley
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 333 001 2)
Cell 082 340 5321
Office (011) 4095900
WhatsApp Me
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 333 001 2)
Cell 082 340 5321
Office (011) 4095900
WhatsApp Me
Message the Agent
1 of 1