1,745m² Building For Sale in Johannesburg Central, CL34728

Detalhes

Block of Apartments and Retail on Rahima Moosa (Formerly Jeppe Street)

Jeppe Circle, located at 117 Rahima Moosa Street, is officially for sale.

This mixed-use asset consists of 33 apartment units which are currently fully let, as well as retail shops on the ground and basement floors. This building has provided the current owners with sustainable income for years and has been well managed and operated. The residential component of the property has been constructed over three floors, with 11 units on each floor, and can be accessed via access-controlled gates on the ground floor side of the building fronting onto Rahima Moosa Street. The 33 units comprise of a mixture of bachelor and 1 bedroom unit types. A major value add of this building is that it is located directly opposite the well-known FnB Bank City and down the road from the Bree Taxi Rank. Given the property's prime location, demand for residential and retail space is high and sustainable.

An important point to note is that one of the neighbouring retail properties behind this building, 200 Lilian Ngoyi Street, is on the same auction and can be bought together with this asset. This asset is extremely prime and well located as it is positioned directly opposite the Bree Street Taxi Rank ensuring that the owners benefit from limited vacancies and therefore a very secure income stream.