R25 000 000 | 41 Bedroom Commercial Property For Sale in Boksburg, Boksburg

STUNNING MODERNIZED UNITS !

LOCATION LOCATION ! PRIME POSITION !

x 2 RESIDENTIAL BLOCKS PLUS RETAIL SHOPS - FULLY OCCUPIED ! (28 TENANTS & 23 GARAGES)

LOW VACANCY HISTORY !

EXCELLENT RETURNS !

• /







• We are proud to present this rare Investment Opportunity, offering:


• 1) Block A: Sectionalized units 41:
• - 12 Modern Residential Units
• - 23 Lock up Garages & Parking
• - 6 Retail Shops


• 2) Block B: x 9 ULTRA Modern Residential Units


• 3) Additional Income - Mtn Tower Long term Lease


• Zoning - Business 2
• Converge - 70%


• Income Gross - R302 643 pm
• Recoveries - R45 674pm
• Total Income (Gross) R349 397 (19% ROI on R22.5m)


• Expenses R94k (average)
• (Ins, & Maint, Mgmnt Fee)



• Net Income R255 397 pm (14% ROI @ R22.5m)
• ****Vat transaction***** Can be Zero'd
• Going Concern Sale - No Transfer Duties ***


• PRICE : (R22.5m plus Vat) *** Reasonable Offers can be considered ***



• Ideally Located on a well established and vibrant shopping complex, boasting National Tenants such as Pick n Pay, PEP and many more- amplifying foot traffic and demand !
• Walking distance to amenities such as Schools, Hospital, and main arterial routes.


• Key Features:
• • Fully tenanted with a diverse and stable tenant mix
• • Strong street frontage and foot traffic
• • 23 secure garages allocated across both courts
• • 100% occupancy across all units
• • Consistent and reliable rental income with low vacancy history
• • Adjacency to national tenants and other established retailers
• Very busy and Popular Local Retail Centre
• Nearby Schools and amenities - strong Rental Demand !


• • Surrounded by residential and commercial developments
• • Long-term capital growth potential


• Call us TODAY !