HIGH INCOME COMMERCIAL PROPERTY WITH 61 UNITS

Benoni, Benoni, Gauteng
ID 801590

Property features

R12 500 000

Property Details

MULTI LEVEL BUILDING WITH RESIDENTIAL UNITS ! IDEALLY LOCATED CLOSE TO LAKESIDE MALL ! NEAT BUILDING OVER 2 LEVELS WITH 61 UNITS ! LOW VACANCIES, HUGE DEMAND ! FULLY TENANTED ! LOW EXPENSES ! EXCELLENT MONTHLY INCOME ! BASEMENT PARKING ! / THIS FANTASTICE PROPERTY OFFERS: Neat Solidly Built Building 61 Residential Rooms Excellent demand and low vacancies (zero units vacant currently) Fully Tiled Rooms and Common areas Electricity metered and water added monthly Low municipal expenses at R20k after recoveries Gross Income at R163k Nett Income at R121k pm ***EXPENSES: INSURANCE R4000 BANK CHARGES R3000 MUNICIPALITY AFTER RECOVERIES R20000 CLEANER R3500 SECURITY R3000 VACANCY PROVISION R5000 MAINTENANCE PROVISION R3000 TOTAL EXPENSES R41500 NET RENTAL INCOME R121 150 Call us today to enquire on this FANTASTIC Property !