500 m² Business For Sale in Boksburg

EXCELLENT MIXED USE BFANTASTIC HIGH INCOME GENERATING COMMERCIAL PROPERTY - PRICED TO SELL !UILDING - 2 x RETAIL SHOPS + 11 x UNITS IN PRIME LOCATION !
FANTASTIC INVESTMENT OPPORTUNITY !

HANDSOME RETURN ON INVESTMENT WITH GROWTH POTENTIAL ! (Easy Conversion)

LOW MAINTENANCE BUILDING !

LARGE AND SPACIOUS FLATS - WELL MAINTAINED AND MANAGED.

FULLY TENANTED !
(SCREENED AND VETTED TO HIGH STANDARDS BY THE OWNER.)

GOOD MIX OF BACHELOR, 1 BED AND 2 BED FLATLETS.
LONG STANDING RETAIL - 1 RETAIL TENANT MORE THAN 30YRS RENTING TO DATE.

HIGHL DEMAND FLATS IN GREAT AREA !
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This EXCELLENT INVESTMENT Property Offers:

Entrance Foyer via access door

Various Unit options catering to a wide range of Tenants:

6 x 2 bedroom flats @ +-R4500 - (Total R27000)
Massive Rooms and spacious Lounges.
Neat bathrooms and Kitchens
Balconies.

2 x 1 bedroom flats @ +-R3500 - (Total R7000)
Large Lounge, Kitchen, Bathroom and a Spacious Bedroom.
Balconies.

All flats with pre paid Electricity and water meters.

3 x bachelor flats(Duplex) @ +-R3000 - (Total R9000)
Duplex Units, Modernized with Tiled Lounge, Kitchen and Bathroom on lower level, The bedroom is on upper Level.
All neatly Tiled and Modern Finishes and Cabinetry.
Solar Geysers and pre paid meters.

2x Retail shops @ +-R5000 - (Total R10000)
Large shops, one of the Tenants been renting for 30yrs plus.

Total Income R53 000 Gross

Zoning - Residential
No sectional Title
Under roof area 1200sqm

Net Income R42 000 pm
R.O.I. at 11.2%

One could easily convert one of the retail shops into x4 additional flatlets (bachelor) by way of simple alterations.
Possible further income at 4 x R2800 - Total of R11 200 per month ! This will result to a 15% R.O.I. !!

Extremely well cared for building with solid tenants. Owners disinvesting.

Call today to add this excellent Investment Property to your Portfolio !

Price negotiable, reasonable Offers from qualified Buyers will be considered.