2800 m² Commercial space in West Turffontein

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 1800s 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.