Property description

RESIDENTIAL BUILDING WITH SINGLE AND DOUBLE APARTMENTS | A GREAT INVESTMENT | RECENTLY COMPLETED AND RENOVATED

Why to Buy?

Are you searching for a compelling investment opportunity in Johannesburg? Look no further! We present to you a remarkable residential building located at 24 Jules Street, Jeppestown, offering numerous reasons why it's worth your consideration.

- Prime Location: Situated in the vibrant neighborhood of Jeppestown, this property benefits from its strategic location. With proximity to JHB CBD just 2.5km away and the trendy Maboneng Precinct only 1km away, tenants will enjoy easy access to business hubs, entertainment venues, shopping centers, and cultural attractions
- Rental Potential: With a total of 5 single residential units and 5 double residential units, this building offers multiple streams of rental income. The rental expectation for single residential units is R2,500.00 per unit, with a total rental potential of R12,500.00. The double residential units have a rental expectation of R4,350.00 per unit, resulting in a total rental potential of R21,750.00. Additionally, a retail store within the building presents an opportunity for an additional monthly rental income of R9,000.00. The total potential rental revenue per month amounts to an impressive R43,250.00
- Renovated and Tiled: This property has already undergone renovations, ensuring a modern and appealing living environment for tenants. With tiled interiors, the building offers durability, easy maintenance, and an aesthetic appeal that tenants will appreciate
- Convenient Amenities: The shared amenities, including a kitchen, provide convenience and practicality for tenants. These features enhance the overall tenant experience and make this residential building a desirable choice for those seeking comfortable living arrangements
- Transportation Accessibility: The building's advantageous location offers convenient access to various transport routes. Tenants can easily utilize trains, taxis, and buses for their daily commuting needs. The train station is just 1km away, while bus and taxi routes are within 500m and 250m, respectively
- Profit Potential: The numbers speak for themselves. With a total profit estimated at R16,844.20 per month and a profit percentage of 39%, this investment opportunity offers a strong potential return on investment. The rental revenue, coupled with the property's renovation and prime location, positions it as a profitable venture for savvy investors

Property Profile: Residential Building in Jeppestown, Johannesburg

- ERF Numbers: 261
- Address: 24 Jules Street, Jeppestown
- Zoning: Business | Residential
- Building Type: Residential
- Land Area (m²): 24
- Total Gross Lettable Area (GLA): 744
- Single Residential Units: 5
- Double Residential Units: 5
- Shared Amenities: Yes
- Shared Kitchen: Yes
- Retail Store available to rent: Yes
- Renovated: Yes
- Tiled: Yes
- Fire Safety: To be completed by buyer
- Fire Exits: Yes
- Transport Routes: Trains, Taxis, Busses

Proximity:

- JHB CBD: 2.5km
- Maboneng Precinct: 1km
- Train Station: 1km
- Bus Route: 500m
- Taxi Route: 250m

Rental Expectation:

- Single Residential per unit: R2,500.00
- Total Rental for Single Residential Units: R12,500.00
- Double Residential unit: R4,350.00
- Total Rental for Double Residential Units: R21,750.00
- Rental Retail Store per month: R9,000.00
- Total Rental Revenue per month: R43,250.00
- Rates and Taxes Cost: -R4,009.00
- Monthly Bond Cost with 30% Deposit: -R22,396.80
- Total Profit: R16,844.20
- Profit %: 39%