PERFECTLY LOCATED IN BENONI CBD !
6 FULLY TENANTED RETAIL STORES !
1ST FLOOR PARKING AREA 1000sqm area !
2Nd FLOOR READY FOR RESIDENTIAL UNITS / SCHOOL / CHURCH #? @ 1000sqm !
ZONING BUSINESS 1 !
GROSS RETAIL SECTION INCOME STREAM R50K pm!
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This EXCELLENT OPPORTUNITY Offers:
Massive corner property with HUGE UPSIDE !
Ground floor Retail shops - Guaranteed Income day 1
1st Floor Covered Parking - 1000sqm
2nd Floor - Groundwork been done with all walls removed internally - ready for potential conversion into apartments, subject to approvals !
Perfect for Multi Residential Units !!
With a section of the Parking area also incorporated into Residential Units, Together with the 2nd Floor area + - 50 x Bachelor Units can be achieved
Seller is Vat registered
Current Retail Estimated rental income of R55,000 per month and rates of approximately R18,000
Shops are on Pre paid electricity meters.
Upside
Water consumption
Other services
Proportionate levy to boost recovery from Retail section of monthly running costs
Multiple Apartments will Massively increase Value
Site ready for commencement of Building work
Bargain (non neg) price, set to sell !
Call us today to add this INCREDIBLE Opportunity to your Portfolio !