R6 500 000 | 42 Bedroom Commercial Property For Sale in Springs, Springs

HIGH YIELD BLOCK OF FLATS !

EXPANSIVE 3 STOREY BUILDING !

PRIME CORNER STAND !

IMPRESSIVE RETURN ON INVESTMENT !

• /




• This 3 Storey Building Offering:


• 42 x Flats with Bathroom and kitchenets
• Mixed type - Bachelors and One Bedroom Units



• 10X Rooms - Rooms only on Ground floor.
• Current alterations by owner turning ground floor into 3 Shops ( 1 Large shop and 2 Smaller type shops)
• Good demand in this area for retail shops hence the alterations. Near completion.
• Estimated future income +-R25k Shops.


• Flats pay for Electricity and Water


• Expenses - Rates and under recoveries on Municipal bill.
• +- R25k pm


• Income:
• Rental Income Gross +- R125k pm (excl Rooms)


• High demand is evident in the area ensuring low vacancy rates.


• Call us today to check this out before its taken !!