R5 900 000 | 12 Bedroom Commercial Property For Sale in Boksburg, Boksburg

GREAT INCOME PROPERTY IN MINT CONDITION !

SECURE PARKING AND GARAGES !

KLINKER / LOW MAINTENANCE BUILDING !

LOADS OF POTENTIAL TO IMPROVE / INCREASE UNITS !

ROOF RECENTLY PAINTED - QUALITY PAINT !

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• This Fabulous Property is Up For Sale with Caldan Homes, Offering the following features:


• * x 5 Retail Shops
• Long standing tenants
• * x 9units with 6x1 Bed Units and 3x2 Bed Units


• The owner's 2 Bed unit features two Bathrooms, With 2 Garages and a large entertainment room with separate entrance - This unit can easily be converted into a 3 or 4 one bed units with a simple conversion.


• The one shop also using 2 additional Garages for storage, and x 2 rooms at the back of the shop which can be separated into x 2 bachelor rooms (bathroom available or fittings)


• All municipal costs billed to tenants as per readings monthly


• Income:
• Gross Income : R54 700 (Rent)
• Expenses: R6530 (Rates n Taxes)
• Net Income R48 170 pm


• R.O.I.
• Gross 12%
• Net: 10%


• THE POSSIBILITIES ARE ENDLESS !!
• The retail shops can be built up to 2 storeys - property Zoning is Business 2.
• Erf size 1468sqm
• Coverage is 76%
• Paving/Tar open area 300sqm


• POTENTIALLY ONE CAN REMODEL TO 15 UNITS
• BY ALTERRATIONS ONLY !


• All Shops and Units have own water and elec meters - readings taken monthly and passed on to all tenants


• CCTV Cameras HD x 6 included



• Call us today - do NOT delay !