1620 m² Commercial space in Jeppestown

Ideally positioned close to taxi routes and bus stops as well as to busy Jules street, this face brick building is in good condition. Managed by a top rentals company, there is a Caretaker living on the premises

Features: 3 floors, 6 two-bed units, 4 bachelor units, caretaker''s unit, security gates, burglar bars, wooden & tiled floors, balconies, BICs, kitchens, bathrooms with separate toilets, steel fire escape, basement parking for 8 cars, palisade fencing, corner stand, courtyard, paveway, views, concrete waterproofed roof, caretaker on site.

Income is R33 000 per month. This produces a Yield of 18% 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.