10 Bed House in Jeppestown

Built on 3 stands, this large home has been divided up into 10 separate bachelor rooms. There are also 9 outside rooms with ablution facilities. Despite needing major renovations, the property, when fully tenanted, brings in a monthly income of R25 000.

Once renovated, the income can increase dramatically. As it stands, at the asking price of R990 000, the property, after expenses, realizes a Yield of 29%

Features: 10 rooms inside, 2 bathrooms, 3 toilets, shower, bath, basin, 9 outside bachelor rooms,, communal bathroom with bath and toilet, wooden, carpeted and tiled floors, fireplace, wooden window, frames, and doors, front covered veranda, small rear garden, front garden utilized the parking of 6 cars, security gates

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.