R20 000 000 | 40 Bedroom Commercial Property For Sale in Boksburg, Boksburg

EXCEPTIONAL RESIDENTIAL PROPERTY x 4 FREESTANDING BLOCKS !

HIGH DEMAND UNITS ON THE BORDER OF BEDFORVIEW !

SPACIOUS UNITS AND METICULOUSLY MAINTAINED !

GREAT LOCATION AND SURROUNDING PROPERTIES !

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• This Fantastic Property Offers:


• x 4 Individual Quality Built Blocks - Face Brick exterior.
• 3 Of these blocks are 3 storeys with ground floor accommodating designated Garages for each Unit.


• Private Communal Garden area


• Well maintained common areas


• Units comprise of 40 x Units - All spacious north facing and immaculately maintained.


• 9 x Huge 1 Bedroom Units with spacious Lounge, Balcony, Kitchen and Neat bathroom
• 31 x Spacious 2 Bedroom Units With Large Lounge, Balcony, Kitchen and Neat Bathroom. Both Bedrooms are Spacious !
• Units range from 58 - 90 Sqm
• Currently 2 Units Vacant
• 1 Unit under Maintenance


• All Units with Pre-paid Meters


• Elec, water and Parking costs recovered


• Secure Lock up Garages are available and charged at R150 - R180


• A cozy Communal Garden area.


• Income:
• Gross Income at R230 000 (fully let, incl recoveries)
• Expenses R55 000
• Nett Income R175 000 @ 11% R.O.I.
• Annual Income R2 100 000



• This Prime Property offers a very Attractive current Income stream plus, the Flats have been Sectionalized, enabling increased future yield potential for the Investor.


• The Property is ideally located in a sought after position in Primrose Hill, with similar neighboring properties, and offers Incredible views over Bedfordview and the surrounds.


• Schools and other ideal amenities are in close proximity.


• Call us today to enquire about this attractive Investment Property.


• All leases and rent rolls available.