R6 900 000 | 46 Bedroom Commercial Property For Sale in Benoni, Benoni

SOLID BUILT MULTI LEVEL PROPERTY !

7 RETAIL SHOPS AT STREET LEVEL !

2 LEVELS OFFERING 46 ROOMS !

LOW VACANCY RATE !

LOW EXPENES WITH FANTASTIC MONTHLY INCOME !

WATER AND ELECTRICITY METERED !

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• This Fantastic Commercial Property Offers:


• 7 x Fully Tenanted Retail Shops on street Level


• 46 Residential Rooms
• Excellent demand and low vacancies (2 units vacant currently)
• Fully Tiled Rooms and Common areas


• Communal Bathrooms - Ladies and Gents
• Communal Kitchen / Laundry area
• Minor TLC required - Painting common areas, bathroom ceilings etc



• Low expenses at R15k after recoveries
• Gross Income R98k currently (Fully let Gross +-R110k)
• Nett Income R71k


• ***EXPENSES:
• Municipal account after recoveries R15000.00
• Insurance R3000.00
• Cleaning R3000.00
• Maintenance Provision R2000.00
• Vacancy Provision R4000.00
• VAT R500.00
• TOTAL EXPENSES R27500.00


• Yield increase potential with cosmetic upgrades extremely positive.


• Call us today to enquire on this great investment opportunity !