Property features

R4 450 000

Property Details

UP for GRABS !! *******URGENT CASH OFFER FROM R3.8M********* HIGHLY SOUGHT AFTER PROPERTY - VALUE R7.5M ONE OF THE BETTER QUALITY BLOCKS IN TOWN ! Need some TLC Multi Level Block of FLATS in UPPER BOKSBURG CBD ! 1st and 2nd Floors 12 x Flats : 2 Bed 1 Bath Large Lounge and Kitchen Fully Tiled and above average condition Units. Good tenants with leases and track record. Metered Water and Electricity to all Units. Covered Parking in Secure Court Yard for all Tenants. Ground Floor: 4 x Workshops Neat, spacious and tiled flooring, roller shutter doors. All occupied EXCELLENT ROI (Monthly Gross income R88k p/m) !!! Price ***********FIRST COME, FIRST SERVE ********* / **This PRIME INVESTMENT PROPERTY OFFERS: 12 x 2 Bed Flats 125 sqm (6 on 1St Floor 6 on 2nd Floor) 2 Bed, 1 Bath, Kitchen SPACIOUS Lounge and Balcony Monthly rent R4200 X 12 Total R50400 p/m Pre paid meters for Elec and water Groundfloor : 4 x Workshops 800sqm Monthly rent R38 000 total for 4 workshops Building situated on two stands - Consolidated into one stand now Zoned Business 2 Income from pre paid elec system / sales R13 000 p/m Total expenses plus minus R15k pm Potential net R75k ******DO NOT DELAY - CASH BUYERS SOUGHT !! ******* THIS ONE WILL BE GONE IN A BLINK ! CALL ME TODAY !! **************************************************************************************************************************************