R5 500 000 | 17 Bedroom Commercial Property For Sale in Boksburg, Boksburg

PRIME LOCATION !

SITUATED CLOSE TO BUSY MAJOR CHAIN STORES AND BANKS !

FULLY TENANTED !

COMPRISING OF 13 FLATS ON 1ST FLOOR AND 4 SHOPS GROUND FLOOR !

SHOPS HAVE LONG STANDING TENANTS !

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• EXCELLENT INVESTMENT OFFERING:


• 4 Large shops on Ground Floor with Stable Tenants (Total Income +-R46k)
• 13 Flatlets on 1st Floor - 4 Large Flats and 10 Mixed - Bachelor and 1 Bedroom Flats (Total Income +-R36k)


• Pre Paid Meters Installed (Electricity and Water)- collected at around 80-85% of the usage (Total Collected AUtilities R12 500)


• TOTAL GROSS INCOME : R94 000 per month


• Monthly Expenses:
• Rates R7500
• Refuse R 6200
• Water R4 200
• Water R6 200
• Sew R5 400
• Elec R6 600
• Elec R5 600
• TOTAL EXPENSES : R41 500


• Net Income R57 500 pm


• Rent Roll and financials available


• HUGE POTENTIAL TO INCREASE YIELD !!!!
• well maintained and no need of renovations
• Going Concern - Take Over Deal - fully tenanted, and at Zero Vat for Legal Entity Purchaser (Claim Vat Back)



• Shop 1 148 sqms
• Shop 2 110 sqms
• Shop 3 210 sqms
• Shop 4 210 sqms


• Flatlets:


• Unit 1 – 82sqms
• ? 3 Bedrooms
• ? 1 Bathroom
• ? Toilet
• ? Kitchen
• ? Balcony


• Unit 2 – 80 sqms
• ? 3 Bedrooms
• ? 1 Bathroom
• ? Toilet
• ? Kitchen


• Unit 3 – 62 sqms
• ? 1 Bedroom
• ? Kitchen
• ? Bathroom and toilet


• Unit 4 – 62 sqms
• ? 1 Bedroom
• ? Kitchen
• ? Bathroom and toilet


• I do not have the sqms of the other flats, but know the total floor area is around 160 – 180 sqms.


• Unit 5
• ? 1 bedroom
• ? Lounge
• ? Kitchen
• ? Shower and toilet


• Unit 6, 7, 12 and 13
• ? Bachelor/ open plan - Bedroom, kitchen, shower and toilet


• Unit 8
• ? One bedroom
• ? Lounge
• ? Kitchen
• ? Bathroom and shower


• Communal flat made of (Unit 9, 10, 11):
• ? 3SINGLE bedrooms
• ? 3 Shared showers
• ? Shared Kitchen
• ? 3 separate toilets


• Renovations were done to the property 6 years ago