R1 600 000 | 4 Bedroom Commercial Property For Sale in Boksburg, Boksburg

PRICED TO SELL ! *******REDUCED******

RARE MINT CONDITION MIXED USE PROPERTY !

OWNER OCCUPIED PAST 20YRS - EXCELLENT CONDITION !
IMMACULATE FLATLETS WITH MODERN FINISHES !

PRIME LOCATION - CENTRALLY LOCATED !

GARAGES ORIGINALLY WERE RETAIL SHOPS - SIMPLE CONVERSION TO RETURN TO RETAIL OUTLETS !
OR, CONVERT TO APPARTMENTS !

MODERN UPGRADED FLATLETS !

PRICE REDUCED DRASTICALLY !

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• Grab this FANTASTIC Property:


• Featuring the following:


• - Large Double Volume corner shop (330Sqm), with storerooms ( or one could convert this large storeroom into another separate Shop / Flatlet - plumbing already installed)


• - Two Double Garages with Roller Doors - Originally these were 3 shops - simple conversion to return to original use.


• - Workers room with Shop toilets in the central courtyard area


• - 1St Floor features a gorgeous outdoor deck - with 3 Flatlets


• Flatlets:
• 1) 2 Bedroom Flat - with Lounge, Dining Room and 2 Bedrooms.
• Kitchen and Bathroom is ULTRA MODERN !


• 2) 1 Bedroom Bachelor
• Kitchen and Bathroom ULTRA MODERN
• Double Volume Lounge
• Bedroom


• 3) Spacious 1 Bedroom Flatlet with MASSIVE Lounge, Dining Room area and STUNNING Bathroom and Kitchen - Modern upgraded amenities !


• Potential Income:
• Bachelor R4500
• 1 Bed R5500
• 2 Bed R6500
• Shop R8000
• Total: R24 500 gross


• Possible Additional Income:
• Further Potential Income from 2 Rooms currently used as storerooms +- R2000 x2 - R4000


• Garages can be converted back to original Retail SHOP For a further +-R18 000 total ( 3 shops) if so desired, or convert them into Apartments.


• Expenses:
• rates R1341
• Elec R2400 (occupied)
• Ref and Water R 800 (occupied)
• Total R3 741


• Potential Income before conversions ( R24 500)
• Net Income: R20 759 p/m


• Potential Income with conversions (R46 500 gross)
• Potential Increased Yield Net R43k average pm !



• Call us today to enquire on this BARGAIN !