R2 500 000 | 8 Bedroom Commercial Property For Sale in Boksburg, Boksburg

6 RETAIL SHOPS - ALL TENANTED !

FURTHER x 2 COMMERCIAL TENANTS - BACK YARD AREA WITH CAR WORKSHOPS / YARD PANELBEATING !

UPSTAIRS 4 x 2 BED FLATLETS ! ALL TENANTED

PROPERTY NEEDS SOME TLC - PRICE REDUCED DRASTICALLY TO COMPENSATE

**** REASONABLE OFFERS WILL BE CONSIDERED !!

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• This Multi Tenanted property offers


• - 5 x Large Shops on street Level (x1 Double shop)


• 1 x Corner Stand - Car display Floor - Panel beater and Spray Painting tenants utilizing the yard and buildings at the back


• * Shops are 125 - 150sqm - Needs some Tlc cosmetics and exterior paint etc
• * High demand for these shops in the area


• - 4 x 2 Bedroom Flatlets on 1st Floor


• All Units and shops have Pre Paid electricity meters


• All units currently Tenanted (8 Retail Tenants, 4 Residential Tenants)
• x 12 Tenants total




• Rental Income:
• 5 Shops at R3500.00 PM
• 1 Shop R2500
• Corner stand (WITH YARD) AT 2 x R4500.00 PM
• 4 FLATS AT R2000.00 PM - R8 000


• Total Current Income R37000 GROSS


• ******sub standard Management - utilities are not passed to retail tenants ****
• Electricity Recovered
• Rates R9000



• Net INCOME +- R28k


• x 4 STANDS / ERF


• MASSIVE POTENTIAL TO BOOST THE INCOME POST UPGRADES !



• Call me today to secure this property with such HUGE POTENTIAL - Offers from R1,8m !!!