R12 500 000 | 61 Bedroom Commercial Property For Sale in Benoni, Benoni

MULTI LEVEL BUILDING WITH RESIDENTIAL UNITS !

IDEALLY LOCATED CLOSE TO LAKESIDE MALL !

NEAT BUILDING OVER 2 LEVELS WITH 61 UNITS !

LOW VACANCIES, HUGE DEMAND !
FULLY TENANTED !

LOW EXPENSES !

EXCELLENT MONTHLY INCOME !

BASEMENT PARKING !

• /




• THIS FANTASTICE PROPERTY OFFERS:


• Neat Solidly Built Building


• 61 Residential Bachelor / 1 Bedroom Units with bathrooms and Kitchenettes.


• Excellent demand and low vacancies (zero units vacant currently)
• Fully Tiled Units and Common areas


• Electricity metered and water added monthly


• Low municipal expenses at R20k after recoveries
• Gross Income at R163k
• Nett Income at R121k pm



• ***EXPENSES:
• INSURANCE R4000
• BANK CHARGES R3000
• MUNICIPALITY AFTER RECOVERIES R20000
• CLEANER R3500
• SECURITY R3000
• VACANCY PROVISION R5000
• MAINTENANCE PROVISION R3000


• TOTAL EXPENSES R41500
• NET RENTAL INCOME R121 150



• Call us today to enquire on this FANTASTIC Property !