R3 850 000 | 31 Bedroom Commercial Property For Sale in Benoni Central, Benoni

******REDUCED....REDUCED...REDUCED ...!!!

VERSATILE 3 STOREY BUILDING !

IDEALLY LOCATED IN A PRIME LOCATION, BUSY STREET NEAR MALL !

MASSIVE POTENTIAL ! ****PRICE NEG !****

OFFERING A GOOD MIX OF RENTAL OPTIONS !

FULLY TENANTED !!!

FULLY OCCUPIED LONGSTANDING TENANTS IN RETAIL COMPONENT !

REASONABLE OFFERS WILL BE CONSIDERED !

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• This Lucrative Investment opportunity offers:


• Second Floor/ TOP FLOOR: 13 Rooms -
• (Upgraded rooms used as a Lodge / BnB currently)
• 10 x Rooms - 4 with bathrooms
• Large Communal bathroom neatly tiled servicing the other rooms.
• 3 x Rooms on monthly leases
• Daily cash books available - hugely Lucrative (R45k pm on av for 10 rooms)


• 1St Floor: (x17 rooms - mix with & without bathrooms)
• 1 x 1 Bed Flat with bathroom R3300
• 4 x Bachelor flats with Bathrooms @R2000
• 3 x Rooms without bathrooms@ R1500 - communal bathrooms on the floor servicing the other rooms.
• 7 x Single Rooms @ R1700
• 2 x Communal Bathrooms and 2 x Toilets


• Ground Floor:
• 6 x Retail shops
• Based on its Location - a medium to high demand for street faced shops exist in the area.
• 12,3% cap rate for Decentralized Street-Front shops


• Income
• - Shops: R23 650 pm
• - Flats: R37 700 pm
• - Top Floor rooms - daily & monthly rentals +-R43k (average)pm


• Total Monthly Gross R104 350
• Annual Income R1 252 200
• Vacancy 5% R63K
• Gross R1 189 000
• Expenses R518k
• Net Income R 55 881pm
• R.O.I. 15%
• Open Market Val R4,5M


• Total GLA 2550sqm
• Zoning Bus 2


• Secure parking yard with access gate


• EXPENSES Summary:
• Salary R16 000 Caretaker
• Municipality R23 402
• Wifi R450
• Telkom R400
• CMS Security - Alarm Monitoring R450
• Laundry and cleaning R700
• Maintenance R1 800
• Total R43 202



• Offers from R3.5 - R3.7m sought - B A R G A I N !!!!!
• Exterior needs TLC - PRICE NEG FROM R4.5 TO R3.7


• Call today to snatch up this money spinner !!
• SUPERB LOCATION to turn it into a goldmine