Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
Commercial Property for Sale in Boksburg Gauteng
R2 500 000
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Property features

  • R2 500 000

Property Details

6 RETAIL SHOPS - ALL TENANTED ! FURTHER x 2 COMMERCIAL TENANTS - BACK YARD AREA WITH CAR WORKSHOPS / YARD PANELBEATING ! UPSTAIRS 4 x 2 BED FLATLETS ! ALL TENANTED PROPERTY NEEDS SOME TLC - PRICE REDUCED DRASTICALLY TO COMPENSATE **** REASONABLE OFFERS WILL BE CONSIDERED !! / This Multi Tenanted property offers - 5 x Large Shops on street Level (x1 Double shop) 1 x Corner Stand - Car display Floor - Panel beater and Spray Painting tenants utilizing the yard and buildings at the back * Shops are 125 - 150sqm - Needs some Tlc cosmetics and exterior paint etc * High demand for these shops in the area - 4 x 2 Bedroom Flatlets on 1st Floor All Units and shops have Pre Paid electricity meters All units currently Tenanted (8 Retail Tenants, 4 Residential Tenants) x 12 Tenants total Rental Income: 5 Shops at R3500.00 PM 1 Shop R2500 Corner stand (WITH YARD) AT 2 x R4500.00 PM 4 FLATS AT R2000.00 PM - R8 000 Total Current Income R37000 GROSS ******sub standard Management - utilities are not passed to retail tenants **** Electricity Recovered Rates R9000 Net INCOME +- R28k x 4 STANDS / ERF MASSIVE POTENTIAL TO BOOST THE INCOME POST UPGRADES ! Call me today to secure this property with such HUGE POTENTIAL - Offers from R1,8m !!!

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