R7 795 000 | 31 Bedroom Commercial Property For Sale in Boksburg, Boksburg

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 !