Property Details

BACKGROUND: The property is located in Boksburg Central. There is strong demand for retail shops and residential flats in the area. Two of the tenants in the property have been there for more than 10 years, while the other two are there for more than 3 years. The property has 4 large shops each paying 10k plus, besides on tenant who has been in the property for over 40 years. There are 10 flats, 4 of which are very large ones. Additionally, there are 3 rooms that have their own toilet and own shower, but share a kitchen. Tenants pay for their own water and electricity. Electricity is on sub-prepaid, while water is read and billed, There is a parking area at the back that can accommodate some vehicles but an access point. Additional Info: The property is located well and has strong demand. It was also revamped a few years ago and is in a decent condition. It has 4 large retail shops and 10 flats + 3 sharing rooms. There are sub meters for water and electricity, which is collected at around 80-85% of the usage. Breakdown of units: Shop sizes are as follows: Shop 1- 148 sqms Shop 2- 110 sqms Shop 3-210 sqms Shop 4- 210 sqms The four retail stores comprise of kitchen and bathroom and retail area.