Property features

R1 800 000

Property Details

Investment Opportunity: Prime Factory Workshop on Main Road Address: Wendell Street, Lake View Estate, Booysens, Johannesburg Size: 495m² Land | 300m² Under-roof Zoning: Business Description: An exceptional investment opportunity awaits with this well-located factory workshop situated on a main road in a quiet industrial area of Booysens, Johannesburg. With its highly sought-after Business zoning, this property offers a solid foundation for a diverse range of light industrial and commercial uses. Currently generating a rental income of R20,000 per month from multiple tenants. The true value of this property lies in its significant income growth potential. The existing month-to-month lease agreements allow a new owner the flexibility to renegotiate rental contracts at the current market rate of R50 per square meter, which would substantially increase the monthly income and the overall return on investment. The property is equipped with essential features for a thriving business operation, including office spaces, a staff kitchen, ablution facilities, and a reliable three-phase power supply. Registered in an individual's name, this is a straightforward purchase for a discerning investor looking to secure a lucrative commercial asset. Contact us today to arrange a viewing and unlock the full potential of this valuable investment!