R6 895 000 | 31 Bedroom Commercial Property For Sale in Benoni Central, Benoni

EXCEPTIONALLY RARE OPPORTUNITY : LOCATION + MINT CONDITION + FANTASTIC ROI !

FULLY OCCUPIED !

TOTALLY UPGRADED BLOCK - TOP TO BOTTOM, IMMACULATE INVESTMENT PROPERTY !

ALL PAPERWORK IN ORDER, LEASES,FINANCIAL DATA etc - AND.....PRICED TO SELL !!!!

******SERIOUS BUYERS ONLY*****

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• FANTASTIC INVESTMENT - MIXED USE BUILDING in BENONI CBD Offering the following:


• 4 x Retail Shops - Well maintained condition with modern finishes.
• 24 Residential Units: All gutted to the bone, Fully Upgraded recently.
• EXCEPTIONAL CONDITION !
• Good spread between Bachelor units, One Bed and 2 Bedroom Units.
• Make up:
• 8 x 2 Bed Units
• 10 x 1 Bed Units
• 6 x Bachelor Units



• Income:
• Total Gross - R127k ROI 22%
• Total net - R88k ROI 15.30%



• x12 Units with Balconies


• All Units and Shops with Pre paid electricity meters.


• All water meters Metered.


• On street Level there is 4 x Shops
• 3 Tenants (One Tenant with Double Shop)
• Large shop Tenant also renting store rooms.
• The shops have back doors from the courtyard, offering access to their living component of the shops.
• (Upside to separate from the shops and convert to 4 additional Residential Units)
• 1st and 2nd Floors consisting of the Various Residential Units


• Lifts have been decommissioned and are used as storage space / meters and camera rooms.


• Communal Courtyard with washing lines, Braai Facilities and seating areas.


• Parking:
• On street parking
• Zoning - Business 1 CBD


• We rarely come across Buildings offering such Value for Money - with a realistic PRICE Tag !
• Slightly Negotiable.


• Serious and Motivated Buyers ONLY.


• Don't Delay - call us TODAY to avoid disappointment !!