R3 395 000 | 23 Bedroom Commercial Property Sold in Boksburg, Boksburg

EXCELLENT MIXED USE BUILDING !

SPREAD OF FLATS - 2 BED AND 1 BED UNITS OFFERED !

HUGE ROOMS IN GREAT CONDITION - RECENTLY UPGRADED !

A BRAND NEW ROOF INSTALLED AND BUILDING NEWLY PAINTED !

PRIME LOCATION WITH HIGH DEMAND !

FULLY TENANTED, FANTASTIC YIELD ! ( 23% R.O.I.)

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• This Excellent Investment is up for Sale, Offering:
• ****** PRICE REDUCED !! *************
• Ground Floor:
• Entrance and Foyer
• 12 x Single / Bachelor FLATS all neatly painted with Tiled Flooring, with own bathroom and Kitchenette / sink


• 1St Floor:
• 6 x Double Room Flats Offering quality Rooms, Large in size and with bathrooms and Kitchen / Kitchenettes
• Access to balcony area at back ideal for hanging washing etc


• 2nd Floor
• 5 x Double Room Flats very neat and extra spacious, offering bathrooms and Kitchens / Kitchenettes


• 2 x Retail Shops on street Level boasting with brand new Roller shutter doors.
• Exterior of this building has been upgraded and offers a striking and appealing street view.


• Income:
• 12 x Singles at R2800 each +- R31k
• 11 x Double Room Units at R3500 - R4500 +- R33k
• Retail Shops (conservative rates) at R3500 +- R4.5k


• Total Gross +- R68 000 p/m
• Exp (Rates R1800, Wifi R999 other fees) R8000-R9000


• Net Income at +-R60 000 !!!
• R.O.I. at 23%


• All utilities are Metered for convenience of Management
• (W&L)
• ** Electricity recovered from Tenants at R3/Kw
• Water recovered at R50/KL


• Zoning Residential 4


• All units with Prepaid meters (WATER AND ELECTRICITY)
• Billing administered by Citiq Co.
• CCTV System - Recently fitted x 8 Cameras


• Call us today on this FANTASTIC Investment Opportunity - no work required !!!


• ******* PRICE REDUCED FROM R3.9m !! ******
• Call me immediately to secure your first option !