R1 699 000 | 4 Bedroom Commercial Property For Sale in Boksburg, Boksburg

PRICED TO SELL ! DRASTICALLY REDUCED - HURRY !!!

RARE MINT CONDITION MIXED USE PROPERTY !

OWNER OCCUPIED PAST 20YRS - EXCELLENT CONDITION !

POTENTIAL TO BOOST CURRENT INCOME !

PRIME LOCATION - CENTRALLY LOCATED !

GARAGES ORIGINALLY WERE RETAIL SHOPS - SIMPLE CONVERSION TO RETURN TO RETAIL OUTLETS !

MODERN UPGRADED FLATLETS !

PRICE REDUCED DRASTICALLY !

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• Grab this FANTASTIC Property:


• Large Double Volume corner shop, with storerooms ( or convert this large storeroom to another separate shop - plumbing already installed)


• Two Double Garages with Roller Doors - Originally these were 3 shops - simple conversion to return to original use.


• Workers room with Shop toilets in the central courtyard area


• Upstairs features a gorgeous outdoor deck - with 3 Flatlets


• Flatlets:
• 1) 2 Bedroom Flat - with Lounge, Dining Room and 2 Bedrooms.
• Kitchen and Bathroom is ULTRA MODERN !


• 2) Bedroom Bachelor / Studio
• Kitchen and Bathroom ULTRA MODERN
• Double Volume Lounge
• Bedroom


• 3) Spacious 1 Bedroom Flatlet with MASSIVE Lounge, Dining Room area and STUNNING Bathroom and Kitchen - Modern upgraded amenities !


• Potential Income:
• Bachelor R3600
• 1 Bed R4100
• 2 Bed R5500
• Shop R8000
• Total: R21 200


• Possible Additional Income:
• Further Potential Income from 2 Rooms currently used as storerooms +- R2000 x2 - R4000


• Garages can be converted back to original Retail SHOP For a further +-R18 000 total ( 3 shops) if so desired.


• Current Expenses:
• rates R1341
• Elec R2400
• Ref and Water R 800
• Total R3 741


• Potential Income before conversions ( R21 200)
• Net Income: R20 000 p/m


• Potential Income with conversions (R43 000)
• Potential Increased Yield Net R40k



• Call us today to enquire on this BARGAIN !