500 m² Business For Sale in Boksburg

FANTASTIC HIGH INCOME GENERATING COMMERCIAL PROPERTY - PRICED TO SELL !
EXCELLENT MIXED USE BUILDING !

EXCELLENT MIX OF FLATS - DOUBLE AND SINGLE ROOM UNITS OFFERED !

HUGE ROOMS IN GREAT CONDITION !

BUILDING RECENTLY UPGRADED PLUS A BRAND NEW ROOF INSTALLED !

PRIME LOCATION WITH HIGH TENANT DEMAND !

FULLY TENANTED, FANTASTIC YIELD ! (19.5% R.O.I.)
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This Excellent Investment is up for Sale, Offering:

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 Current Income +- R68 000 p/m Gross
Exp (Rates R1800, Wifi R999) R8000-R9000

Net Income at R66 000 !!!
R.O.I. at 19,5%

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

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 !!!

******* PRICED TO SELL ******
Call me immediately to secure your first option !