R5 975 000 | 15 Bedroom Commercial Property For Sale in Boksburg, Boksburg

FANTASTIC HIGH INCOME PROPERTY !

EXCELLENT RETURNS !

NO WORK, SOLD WITH ALL EXTRAS !

APPROVED PLANS FOR x5 ADDITIONAL UNITS !

STUNNING MODERN FINISHES THROUGHOUT - ABSOLUTELY NO WORK REQUIRED !

ZONED RES 3 - FOR DOUBLE STOREY IMPROVEMENT !

***********SOLE MANDATE*******

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• This EXCEPTIONAL INVESTMENT Property brought to you EXCLUSIVELY by Caldan Homes, Offering the following:


• Automated Access controlled Gate


• Paved Driveways and AMPLE Parking


• 15 x Immaculate Bachelor and 1 Bed Rooms, with modern finishes and boasting own DsTv, Fibre / Wi Fi, aswell as appliances (All Furniture and Appliances INCLUDED !)


• Plans have been approved to add x 5 additional units
• Stand size 1823sqm
• Coverage 50%
• Zoning Res 3 - Allowing Two Storey Build up


• INCOME:
• Goss monthly R80k


• Bachelor Units let on 12 month leases at between R4800 - R5500 pm ( some rooms vary in size)
• Currently 2 Vacancies
• Net Income at R65k - R68k Fully Occupied
• R.O..I. 13% net


• Expenses:
• Rates R4225
• Refuse R750
• Water R4234
• Sewerage R2888
• TOTAL EXPENSES R12097


• ***. Motivated Seller - Price reduced !! ***


• Gas Geysers reducing running costs
• Pool with Pizza Oven, and Braai Area
• Covered Patios
• Covered Parking Bays
• Electric Fence
• Auto Access Gate


• Boasting with a sirene and idyllic atmosphere making this a valuable addition to your property portfolio !


• Located on the busy Main street in Witfield, close to major routes and the Airport adds to its high demand and sound income.


• Pristine condition property - Call us today, before its Gone !