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3 Bedroom Freehold For Sale in Jeppestown
R1,300,000
18 Reimers street
Monthly Bond Repayment R14,088.19
Calculated over 20 years at 11.75% with no deposit.
Web Ref No RLS921456
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 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
Bedrooms 3
Security Yes
Bathrooms 1
Flatlet 14
Recep. Rooms 2
Floor Size 510m²
Land Size 9,900m²
Monthly Rates R986.00
Monthly Levy R1.00
Security Yes
Bathrooms 1
Flatlet 14
Recep. Rooms 2
Floor Size 510m²
Land Size 9,900m²
Monthly Rates R986.00
Monthly Levy R1.00
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 Floors
Agent 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
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