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Property
Description

Property Description

FLEMING HALL is well located on 31 Koch Street, Joubert Park, Johannesburg. Its’ proximity to major transportation terminals such as a Noord Taxi Rank, Gautrain Station, Park Station and Central Johannesburg vicinity place the property in a high-density zone of the inner city. This 7-storey block of flats is wholly owned and un-sectionalized. It comprises of 81 units varying between 28 m2 – 43m2. These are typically self-enclosed one-bedroom units and bachelor units. The bachelor units and rooms have communal bathrooms while the one-bedroom units are completely self-enclosed with their own bathroom, kitchen, and balcony. The one-bed units are fitted with individual geysers, water and electricity are metered and recovered for the entire block. The building has two parking garages, with combined capacity for +/- 25 parking bays. With direct access to the lobby area of the building. The two lifts are currently non-operational, and the property does require a fair amount of work. This is an excellent refurb opportunity, with significant upside for prospective investors. The units are generally a good size and locality is excellent in relation to Central Joburg and nearby amenities. 

Features

Land size 495 m2

81 Units, Bachelors and 1 bedroom

GLA 3450 m2*

Zoning - Res 4

Excellent location 

High density

Gross Income R 145.540.00* p.m. 

Expenses R 27.172.00* p.m. 

Net Income R 118.368.00* p.m. 

Note: (*) values with an asterisk are estimated

Area Description

Joubert Park is a suburb of Johannesburg, South Africa. It is located in Region 8. The suburb shares its name with the largest park in the Central Business District, which is located a few blocks from the main train station for the city (known as Park Station in the early years).

Amenities

BP Cascaro Motors 0,15 km

Park Central Filling Station 0,31 km

Caltex T/A Caltex Bree Street 0,53 km

Gautrain Parking 1,28 km

Gautrain Johannesburg Station 0,80 km

Zuzimpilo Clinic 0,93 km

Joburg Medical Centre 1,23 km

Nelson Mandela Children's Hospital 2,14 km

Saps - Hillbrow 1,00 km

SAPS - Jeppe 1,31 km

Police Saps - Bank City 1,73 km

Eden Park Primary School 0,23 km

Centurion College 0,11 km

Old Hebrew High School 0,15 km

Park Central 0,25 km

The Bridge Shopping Centre - East 0,41 km

End Street Mall 0,44 km

Izenzo Kunge Mazwi Community College 0,08 km

Teach-To-Pass-College 0,37 km

Afro-Kombs College 0,40 km

 

Property Reference Number: F105848

Registration Details

Refundable Registration Deposit: R10 000

When your deposit reflects in our account, you will be approved to bid.

To view our registration and payment details, click here.

PROPERTY TYPE:
Residential

PROPERTY ADDRESS:
Fleming Hall , 31 Koch , Joubert Park - Property Ref: F105848, Johannesburg , Gauteng

AUCTION ADDRESS:
ONLINE ONLY

AUCTION DATE:
2020-07-15

AUCTION START TIME:
14:00

KEY FEATURES

ERF SIZE: 495m2 | GBA: 3450m2

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