R3 350 000 | Commercial Property For Sale in Benoni, Benoni

PERFECTLY LOCATED IN BENONI CBD !

6 FULLY TENANTED RETAIL STORES !

1ST FLOOR PARKING AREA 1000sqm area !

2Nd FLOOR READY FOR RESIDENTIAL UNITS / SCHOOL / CHURCH #? @ 1000sqm !

ZONING BUSINESS 1 !

GROSS RETAIL SECTION INCOME STREAM R50K pm!

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• This EXCELLENT OPPORTUNITY Offers:


• Massive corner property with HUGE UPSIDE !


• Ground floor Retail shops - Guaranteed Income day 1


• 1st Floor Covered Parking - 1000sqm
• 2nd Floor - Groundwork been done with all walls removed internally - ready for potential conversion into apartments, subject to approvals !
• Perfect for Multi Residential Units !!


• With a section of the Parking area also incorporated into Residential Units, Together with the 2nd Floor area + - 50 x Bachelor Units can be achieved


• Seller is Vat registered


• Current Retail Estimated rental income of R55,000 per month and rates of approximately R18,000
• Shops are on Pre paid electricity meters.


• Upside
• Water consumption
• Other services
• Proportionate levy to boost recovery from Retail section of monthly running costs
• Multiple Apartments will Massively increase Value
• Site ready for commencement of Building work



• Bargain (non neg) price, set to sell !


• Call us today to add this INCREDIBLE Opportunity to your Portfolio !