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R 1 490 000
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9 Bedroom House for Sale in Orange Grove

29 2nd Street, Orange Grove, Johannesburg
  • Bedrooms 9
  • Bathrooms 6
  • Erf Size 495 m²
    • m²: 495 m²
    • Hectares: 0.05 ha
    • Acres: 0.122 acres
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Mike Van Jaarsveld

Calling investors! Cashflow positive from day 1

This seller has 2 FULLY renovated and FULLY occupied, income generating properties, 2 houses apart from each other on the same street! These 2 properties were purchased with the long term investment plan of running them as income generating Multi-let’s for the time it would take to acquire the 2 properties in-between them (to have 4 erfs in a row) and then rezone. During this time, they got written approval from COJ in favour of their development proposal. COJ approved an 8 Storey building with 200 studio flats!

In order for the investor to take advantage of City of Joburg’s approval to develop the erfs and improve the city by contributing to the urban renewal in the area, they would need to purchase both. Also sold separately if needed. Please request further brochures and documents when making contact.

The properties fall in the zone called “Corridors of Freedom”...

This seller has 2 FULLY renovated and FULLY occupied, income generating properties, 2 houses apart from each other on the same street! These 2 properties were purchased with the long term investment plan of running them as income generating Multi-let’s for the time it would take to acquire the 2 properties in-between them (to have 4 erfs in a row) and then rezone. During this time, they got written approval from COJ in favour of their development proposal. COJ approved an 8 Storey building with 200 studio flats!

In order for the investor to take advantage of City of Joburg’s approval to develop the erfs and improve the city by contributing to the urban renewal in the area, they would need to purchase both. Also sold separately if needed. Please request further brochures and documents when making contact.

The properties fall in the zone called “Corridors of Freedom” which has been earmarked for high density and Louis Botha Avenue is one of these corridors. It's a stone throw from Houghton and the popular Grant Avenue in Norwood with an abundance of nightlife and top restaurants! Great schools close by and walking distance to shops!

This, being the second property, has been renovated to run as a commune, neat and secure. It has 5 en suite rooms, and 3 rooms share a common bathroom, it has another toilet for visitors and a shared kitchen with gas hob and clothes washing facilities. All rooms are fitted with their own prepaid electricity meters and share the water for the house which is also on a prepaid system. There are braai facilities in the back garden and a studio flat which has a gas hob in the kitchen and separate prepaid water and electricity meters. Its fully occupied and managed by All Space. with a total income, but not limited to, R22,150 p/month.

Call to book a viewing, we can show both properties on the same appointment. Listing number for other property is: 112566701

Read More
Bedrooms Bedrooms: 9
Bathrooms Bathrooms: 6
Listing number: P24-112566819, Image number: 1
Listing number: P24-112566819, Image number: 2
Listing number: P24-112566819, Image number: 3
Listing number: P24-112566819, Image number: 4
Listing number: P24-112566819, Image number: 5
Listing number: P24-112566819, Image number: 6
Listing number: P24-112566819, Image number: 7
Listing number: P24-112566819, Image number: 8
Listing number: P24-112566819, Image number: 9
Property Overview
Listing Number
112566819
Type of Property
House
Street Address
29 2nd Street, Orange Grove
Listing Date
19 April 2023
Erf Size
495 m²
Rates and Taxes
R 578
Bedrooms
9
Bathrooms
6
Nearby Public Transport
Bus, Train, Minibus Taxi
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Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
View Breakdown
What do I qualify for based on my income?
What are the bond and transfer costs?
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.
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Mike Van Jaarsveld
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