EXCELLENT INVESTMENT IN PRISTINE CONDITION !
IDEALLY POSITIONED ON A BUSY MAIN ROAD, HIGH DEMAND !
STABLE SHOP TENANTS - HIGH DEMAND ON THIS ROAD !
GOOD SPREAD OF RESIDENTIAL UNIT SIZES !
SPACIOUS LAYOUTS.
FANTASTIC MONTHLY INCOME !
(ONE OF TWO PROPERTIES UP FOR SALE BY THE OWNER IN BENONI - DISINVESTING)
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This FANTASTIC Investment Property Offers:
Excellent Location, positioned on a major road of Benoni Central.
Just a few 100m from LAKESIDE Mall - popular spot with Retail and Residential Tenants
A Solid Low maintenance Building in above average condition
Featuring x 6 Retail shops (Various sizes) in good condition.
Gross Retail Income @ 6 Shops - R53k
On the 1st and 2nd Floors x 12 Residential Units
2 x Bachelor Units (@ R2950)
2 x 1 Bed Units (@ R3370)
8 X 2 Bed Units (@ R3690 - 2Units are Larger @ R4120)
Residential Gross Income @ 12 Units R43k
Recoveries monthly services COE - R10 - R15kpm
Vacancy Allowance 10% R9600
Gross Total Income R101 400 pm
NOI R 1.2m pa
Management fee R5000
Rates R4815
Services R15 373
Insurance +- R4000
Units have meters and readings are taken monthly - other costs (water and elec) charged to rental
Net Income +-R72600pm / R871 020pa (15%roi)
Upside
Prepaid meters on elec and water
Monthly Levy (municipal charges)
Eliminate wasteful municipal charges
This turnkey opportunity for the right buyer is up for Sale !
The property’s layout and existing infrastructure cater ideally to high foot traffic and passing traffic, offering excellent visibility and accessibility.
Brilliant Turn Key Investment property with a superb current ROI 15% yield pa !
Benoni Central is a bustling commercial hub, known for its diverse mix of retail, dining, and entertainment venues. The area benefits from strong public transport links and easy access to major routes such as the N12 and Great North Road, ensuring convenience for both customers and staff.
A noticeable growth and demand in the Residential tenant market is evident over the past few years, making this Property ideal for the Savvy Investor !
Call us today to seize this excellent opportunity !