1986 m² Business For Sale in Boksburg

FANTASTIC HIGH INCOME GENERATING COMMERCIAL PROPERTY - PRICED TO SELL !
EXCEPTIONAL RETURN ON INVESTMENT !

Stable / LONGSTANDING TENANTS - LOW TURNOVER 80-90% OF THE UNITS !

WELL CARED FOR AND MAINTAINED BUILDING!

LOW EXPENCES !

MASSIVE SCOPE TO IMPROVE YIELD EVEN FURTHER !

LOCATED IN 1KM RADIUS OF JET PARK INDUSTRIAL NODE, N12 HIGHWAY AND OTHER MAJOR CORPORATIONS !
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This FANTASTIC Investment Property offers:

21 x 2Bedroom units
Spacious Units of average overall Finishes, still in excellent condition.
Huge bedrooms and Lounges offering comfortable living.

Tenants enjoy a Large Lounge / Family Room, combined with Dining area. This opens up to a Balcony area.
All Kitchens are of good size and fitted with bics.
Spacious Bathrooms offers a bath, basin and toilet in all units.

Building Layout entails 3 Floors, with Ground floor Units offering a small Private Garden feature, and the 1st and 2nd Floor units features small balconies.

Outside rooms for the cleaner.

A large Municipal Park adjacent to the property offers a lovely play park for the resident children.

The building is situated in a quiet residential suburb with Lovely neighboring properties, shops, churches and schools.

The property was build by the Owner in the late 1960's and used as a very healthy monthly income stream to date. Time has now arrived for the owner to realize their Fixed assets and hence the only reason to sell this excellent Investment Property.

A New Roof was installed by Insurance Company 3 years ago after natural / wind damage

The Property is Corporate owned in property owning company, offering the advantage of saving massively on transfer costs and on time to register into the new Purchasers name.
All Financials on this company is available upon request.

Future Potential to Increase the Current Yield:

While already an attractive investment opportunity, this block of flats also offers the potential for excellent yield appreciation.
The implementation of strategic renovations or enhancements, such as modernizing the units, the savvy investor can further enhance rental returns and property value.
Comoaritive rates of similar units in the area allows for such improvements comfortably and without risk.

Details of Units:

Total of 21 units over 3 Floors
Building in mint condition and presents a clean, well maintained and loved impression.

All units have Pre paid Electricity
Covered Parking secured by x2 Access gates for all units

Income:
Gross Income R92 000.00 monthly
(2 Units currently vacant)
Rates R 7200.00
Expenses - Rates, Utilities, cleaner, insurance and general maintenance.
Electricity sales to tenants administered by metering company - proceeds paid to owner monthly.
Current Net income R60k

FULLY Let Net Income potential of R110 000 pm

This exceptional property will not be around for too long, Call us today for a personal tour and viewing asap.