R 1 600 000 | business property for sale in boksburg

PRICED TO SELL ! *******REDUCED****** RARE MINT CONDITION MIXED USE PROPERTY ! OWNER OCCUPIED PAST 20YRS - EXCELLENT CONDITION ! IMMACULATE FLATLETS WITH MODERN FINISHES ! PRIME LOCATION - CENTRALLY LOCATED ! GARAGES ORIGINALLY WERE RETAIL SHOPS - SIMPLE CONVERSION TO RETURN TO RETAIL OUTLETS ! OR, CONVERT TO APPARTMENTS ! MODERN UPGRADED FLATLETS ! PRICE REDUCED DRASTICALLY ! / Grab this FANTASTIC Property: Featuring the following: - Large Double Volume corner shop (330Sqm), with storerooms ( or one could convert this large storeroom into another separate Shop / Flatlet - plumbing already installed) - Two Double Garages with Roller Doors - Originally these were 3 shops - simple conversion to return to original use. - Workers room with Shop toilets in the central courtyard area - 1St Floor features a gorgeous outdoor deck - with 3 Flatlets Flatlets: 1) 2 Bedroom Flat - with Lounge, Dining Room and 2 Bedrooms. Kitchen and Bathroom is ULTRA MODERN ! 2) 1 Bedroom Bachelor Kitchen and Bathroom ULTRA MODERN Double Volume Lounge Bedroom 3) Spacious 1 Bedroom Flatlet with MASSIVE Lounge, Dining Room area and STUNNING Bathroom and Kitchen - Modern upgraded amenities ! Potential Income: Bachelor R4500 1 Bed R5500 2 Bed R6500 Shop R8000 Total: R24 500 gross Possible Additional Income: Further Potential Income from 2 Rooms currently used as storerooms - R2000 x2 - R4000 Garages can be converted back to original Retail SHOP For a further -R18 000 total ( 3 shops) if so desired, or convert them into Apartments. Expenses: rates R1341 Elec R2400 (occupied) Ref and Water R 800 (occupied) Total R3 741 Potential Income before conversions ( R24 500) Net Income: R20 759 p/m Potential Income with conversions (R46 500 gross) Potential Increased Yield Net R43k average pm ! Call us today to enquire on this BARGAIN !