Apartment / Flat For Sale in Boksburg, Boksburg

ref# 664
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Asking Price : R 4 700 000 (278 931 EUR*)

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Province:Gauteng City:Boksburg Suburb:Boksburg Bedrooms:17 Bathrooms:13 Erf Size: ± 998 m2 Rates:R 5750 p/m

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Property Features
  • Access Gate
  • Balcony
  • Built In Cupboards
  • Electricity Included
  • Entrance Hall
  • Family/TV Room
  • Flatlet
  • Kitchen
  • Pantry
  • Patio
  • Paving
  • Scenic View
FANTASTIC INVESTMENT - MIXED RESIDENTIAL / COMMERCIAL TENANTS

PRIME LOCATION !

SITUATED CLOSE TO BUSY MAJOR CHAIN STORES AND BANKS !

FULLY TENANTED !

COMPRISING OF 13 FLATS ON 1ST FLOOR AND 4 SHOPS GROUND FLOOR !

SHOPS HAVE LONG STANDING TENANTS !

  • EXCELLENT INVESTMENT OFFERING:
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  • 4 Large shops on Ground Floor with Stable Tenants (Total Income +-R40k)
  • 13 Flatlets on 1st Floor - 4 Large Flats and 10 Mixed - Bachelor and 1 Bedroom Flats (Total Income +-R30k)
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  • Pre Paid Meters Installed - collected at around 80-85% of the usage
  •  
  • Running Costs at +-(R17500 Budgeted) R13k Av
  • Net Income R60k pm
  •  
  • Rent Roll and financials available
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  • well maintained and no need of renovations
  • Going Concern - r Take Over Deal because its fully tenanted
  •  
  •  
  • Shop 1 148 sqms
  • Shop 2 110 sqms
  • Shop 3 210 sqms
  • Shop 4 210 sqms
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  • Flatlets:
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  • Unit 1 – 82sqms
  • ? 3 Bedrooms
  • ? 1 Bathroom
  • ? Toilet
  • ? Kitchen
  • ? Balcony
  •  
  • Unit 2 – 80 sqms
  • ? 3 Bedrooms
  • ? 1 Bathroom
  • ? Toilet
  • ? Kitchen
  •  
  • Unit 3 – 62 sqms
  • ? 1 Bedroom
  • ? Kitchen
  • ? Bathroom and toilet
  •  
  • Unit 4 – 62 sqms
  • ? 1 Bedroom
  • ? Kitchen
  • ? Bathroom and toilet
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  • I do not have the sqms of the other flats, but know the total floor area is around 160 – 180 sqms.
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  • Unit 5
  • ? 1 bedroom
  • ? Lounge
  • ? Kitchen
  • ? Shower and toilet
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  • Unit 6, 7, 12 and 13
  • ? Bachelor/ open plan - Bedroom, kitchen, shower and toilet
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  • Unit 8
  • ? One bedroom
  • ? Lounge
  • ? Kitchen
  • ? Bathroom and shower
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  • Communal flat made of (Unit 9, 10, 11):
  • ? 3 bedroom
  • ? 3 Shared showers
  • ? Shared Kitchen
  • ? 3 separate toilets
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  • Renovations were done to the property 6 years ago
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