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Commercial Property for Sale in Joubert Park
Contact Broker
Anton Schulz
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.
Property Overview
Listing Number
115497974
Type of Property
Commercial Property
Street Address
Listing Date
29 January 2025
Levies
R 100
Rates and Taxes
R 200
Zoning
General Residential
Points of Interest
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