ref # 1337

 ref # 1337

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R 7 795 000 (374 759 EUR*)

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  132 Benoni rd
31
31
± 714 m2
± 1205m2
R 9500  / m
R 0  / m

Property Features
Access Gate
Built-in-Braai
Electricity Included
Entrance Hall
Family/TV Room
Flatlet
Free Standing
Kitchen
Nearby Bus Service
Nearby Minibus Taxi Service
Nearby Train Service
Paving
Satelite
Scenic View
Staff Quarters
Storage
Water Included
Water Tank

FANTASTIC HIGH INCOME BUILDING - 31 UNITS + 6 SHOPS FULLY RENOVATED

A RARE INVESTMENT OPPORTUNITY !

EXCELLENT RETURNS !

DISTINCTIVE, FULLY UPGARDED PROPERTY -
IMMACULATE - TURN KEY CONDITION !

FULLY TENANTED WITH LOW TENANT TURNOVER !

HUGE DEMAND FOR RENTAL UNITS !

PRIME LOCATION !

ALL PAPERWORK IN ORDER, LEASES,FINANCIAL DATA etc - AND.....PRICED TO SELL !!!!

******SERIOUS BUYERS ONLY*****

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  • We are proud to present an ABSOLUTE GEM !

  • This fully renovated building, immaculately maintained, Offering the following:

  • 3 Floors consisting of 31 Units and 6 Retails Shops on street Level.

  • Retail Tenants with longstanding track records

  • Apartments:
  • 14 x 1 Bedroom Units
  • 17 x Bachelor Units
  • All with Pre paid electricity and Water Meters for no hassle management.

  • Retail Shops:
  • 1 x Double shop and 4 Smaller shops


  • Income:
  • Total R147k Gross R.O.I. 23%
  • R110k Net R.O.I 17%

  • Expenses:
  • R37k

  • The roof has been fully secured with perimeter fencing, adding dedicated washing line area, communal Braai facilities and seating areas.

  • Added extras:
  • Back up Water storage Tanks
  • Inverter for electricity in Common Areas
  • Central Tv Dish installation for all Units
  • Lifts that has been decommissioned and converted into secure storage for all meters and equipment etc. on each Floor
  • Roof top Communal Braai Facilities and wash line area


  • Parking: On street Level
  • Zoning - Business 1 (CBD) Retail and Residential
  • FAR 1.7 1205sqm
  • Coverage 81%

  • This is truly an EXCEPTIONAL INVESTMENT OPPORTUNITY - Do not delay on this prime property, Call us TODAY !





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