Boksburg · Business For Sale
999 m² Business For Sale in Boksburg
- R 5,500,000
- 17 bd
- 13 ba
- 999 m²
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
Property Information & Features
- Property Type
- Business
- Listing Type
- For Sale
- Location
- Boksburg, Gauteng
- Price
- R 5,500,000 · Get Pre-Qualified
- Price per m²
- R 5,506
- Erf Size
- 999 m²
- Bedrooms
- 17
- Bathrooms
- 13