R8 500 000 | 19 Bedroom Commercial Property For Sale in Benoni, Benoni

EXCELLENT LOCATION - HIGH DEMAND !

WELL MAINTAINED - ABOVE AVERAGE CONDITION !

2 ADJOING STANDS - COVERED PARKING !

MASSIVE POTENTIAL - GREAT UPSIDE !!

IDEALLY SITUATED ON A BUSY AND POPULAR MAIN ROAD !

SOLD INDIVIDUALLY OR AS PACKAGE WITH A SECOND BUILDING !

OWNER DISINVESTING

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• This Unique Opportunity Offers Excellent Features and comes with Great Upside for the Savvy Property Investor:


• Corner stand / section:
• Spread over 3 Levels improved with -
• * x 14 Residential Units - all with Balconies, and in good condition
• Make-up: 5 x 2 Bed
• 5 x 1 bed
• 4 x bachelor Units
• On street Level:
• x 7 Retail shops :
• 1 x Double shop Tenant (2shops)
• 3 x Single Shop Tenants
• Shop 6&7 - Very Large Shop, Front section, with a further Massive (+-230sqm) additional Section to the Rear !


• Adjoining stand:
• Covered Parking area
• Above this on 1st Level is a massive (+-250sqm) 5 x Bedroom residential space - Featuring Entrance area, Dining Room, Massive Kitchen, HUGE Family room leading to a Outside courtyard area, a Long passage with Bathrooms at each end - and 5x spacious Bedrooms with Bic's and Balconies - perfect project to maximize this property further !


• Income and expenses are available
• Financials are in place
• Good yields currently +- R140k Gross @Fully Let
• Fantastic net then at +-R100k pm
• Improving vacancies a further Upside.


• Currently readings area taken in Residential units for Elec
• Shops have pre paid linked to council


• Water consumption not passed to Tenants - further upside.


• This Fantastic opportunity boasts vast financial potential with minor effort / decent management / alterations and reconfigurations to certain sections !


• Give me a call TODAY to seize this OPPORTUNITY !
• ...it will be GONE VERY SOON....!!!