Well Maintained Apartment Block in West Turffontein For Sale
This well kept West Turffontein apartment block faces onto three streets and thus is on two corners and is in a quiet part of the suburb. Rental income is R779 400 per annum. At the asking price of R3.5 million, this translates into a yield of 22%
Features: X 6 two bed units of 70m2, X 6 one bed units of 60m2, X 2 bachelor units of 45m2, X 8 rooms, X 7 parking bays, courtyard, tiled floors, secure parking, wall & palisade fencing, laundry area, garden, fire escape, burglar proofing, driveway, paveway
Sadly, the tenants have stopped paying and this has become a problem
TURFFONTEIN Turffontein was established somewhere in the late 1800’s which would mean it was established during the gold rush that established the greater Johannesburg or PWV (Pretoria, Witwatersrand, Vereeniging) which is also validated by the Robinson Deep shaft outside Turffontein.
Features
0
0
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
2,800m²
Land Size
991m²
Extras
24 Hour Access • Accommodation • Balcony • Bath Toiletand Basin • Built in Wardrobes • Burglar Bars • Courtyard • Curtain Rails • Dishwasher Connection • Driveway • Double Storey • Dual Living • Fenced • Fibre • Freestanding • Garden • Internet Port • Metropolitan • Multi Storey • On Street Parking • Oven & Hob • Paveway • Perimeter Wall • Residential • Secondfloorandabove • Secure Parking • Security Gate • Shared Living • Suburban • TV Antenna • TV Port • Telephone Port • Tiled Floors • Totally Fenced • Totally Walled • Visitors Parking • Washing Machine Connection
Johannesburg...Joburg...Jozi...The City of Gold. It's a city that goes by a variety of names, and which has won acclaim around the world for various factors. From the urban vibes of Johannesburg's CBD, which has undergone a major rejuvenation, to many other areas such as Sandton, which has evolved from dirt roads to Africa's richest square mile, Gauteng's biggest city has much to offer.
In the 130+ years since...
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