Situated near the eastern end of the JHB CBD and just off Jules street, these 2 properties are ideal for either a landlord looking for an investment producing a good yield or a developer seeking land on which to build. On one stand is a semi detached house, and the other stand is vacant.
Collectively, both properties have more than 30 rooms that are rented out with no lease agreements. Both properties generate an approximate gross monthly income in the region of R50 000. These properties are in a state of dilapidation and are in need of major renovation.
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.
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