R 9 850 000 | Commercial Property for Sale in Joubert Park

87 Wolmarans Street, Joubert Park, Johannesburg

Gallery

Photos

Six storey Investment block of sectional title units

Ivanhoe Court is located in the suburb of Joubert Park/Braamfontein which is part of the Johannesburg CBD. This is a sectional title schem comprising 35 sections, all to be sold together. However, since the value of each individual section is less than the transfer duty threshold, zero transfer duty would be paybel by the buyer. The buidling comprises 31 x two-bedrooms flats, two shops and a creche. Has a working lift. Water and electricity are pre-paid for each section. Both shops are occuppied birnging in rentals of R10,000 +R7,150 pm. The net income of the building is currently around R104,000 per month. When fully let, the potential net income of the property is around R121,000 per month.