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R 27 500 000 (1 612 903 EUR*)

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± 1404 m2
± 4696m2

Chesterfield House is a full-title block comprising of 54 flats, mainly two-bed units plus retail and
basement parking, located in the heart of Joubert Park, Johannesburg. A high-demand node within the
inner city. The property has a blue-chip tenant as its main anchor on the ground floor, on a Rea Vaya
route.
Very neat, well-run block with high occupancy. Due diligence items are available once the offer is in place.

Features
54 Flats in total, comprising:
➢ 2 x 3 Bedroom
➢ 36 x 2 Bedroom
➢ 15 x 1 Bedroom
➢ 1 x Bachelor
Basement Parking
11 Commercial Units

Selling Price: R27 500 000

• Actual Income YTD Apr 21 – Mar 22: R 5.206.430.41
• Direct Property Costs YTD Apr 21 – Mar: R 2.642.912.32
• Break down Monthly Actual YTD Apr 21 – Mar 21:

- Income R 433.869.20 p.m.
- Expenses R 220.242.69 p.m.

Gross Monthly Residential Rental R 433,869.20
Less: Expenses R 220,242.69
Net Rental Income R 213,626.51
Annual Net Income R2,563,518.12

Financial Summary - Matchbox Calculation Cap rate valuation: Potential Asset Value
10% R 25,635,181.20
11% R 23,304,710.18
12% R 21,362,651.00
13% R 19,719,370.15
14% R 18,310,843.71
15% R 17,090,120.80
16% R 16,021,988.25



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