999 m² Business For Sale in Boksburg

MIXED USED - INVESTMENT 13 FLATS + 4 SHOPS - EXCELLENT INVESTMENT OPPORTUNITY
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