R12 600 000 | 61 Bedroom Commercial Property For Sale in Benoni Central, 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 !

BOREHOLE !

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• THIS EXCEPTIONAL PROPERTY OFFERS:


• Neat Solid Built Building


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


• Excellent demand and low vacancies


• Fully Tiled Units and Common areas


• Electricity metered and water added monthly


• Low municipal expenses at R20k after recoveries


• Gross Income at R178k
• Net R 132k



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


• TOTAL EXPENSES R41500
• NOI R124 150



• Call us today to enquire on this FANTASTIC Property !