Web Ref No CL1119

Looking for a property with great potential for residential conversion in Jeppestown, Gauteng? Consider this commercial property located on a bustling street in the heart of the community. The building currently houses 3 retail units - a panel beater, tyre shop, and spares shop - and a large open space upstairs that is currently vacant and available for conversion into residential units.

In fact, the entire building can be transformed into 25 one-bedroom flats, offering an excellent investment opportunity for those looking to enter the residential property market. Detailed plans for the conversion are already available, making the process of turning this commercial property into a thriving residential complex easier and more manageable.

Don't let this promising opportunity slip away. Contact us today to schedule a viewing and discover how you can transform this commercial property into a highly desirable residential destination in Jeppestown, Gauteng. Whether you're a seasoned investor or new to the market, this property is a promising investment that you won't want to miss.


Rental information:

- Rental Price: R67 500 (projected income fully let)

- Price per Sqm: R64.29 sqm (projected income fully let)

- Available: IMMEDIATELY

- Leasing period: MONTH TO MONTH

- Building name: 124 JULES STREET

- Sale Price: R1.800.000.00

- Parking: Yes

- Zoning: BUSINESS 1, SPECIAL

- Levies: N/A

- Lease Type: MONTH TO MONTH

- Yield: +-16%

- Transfer Duties: YES

BOOK YOUR VIEWING TODAY!!