R 5 500 000 | business property for sale in boksburg

PRIME LOCATION ! SITUATED CLOSE TO BUSY MAJOR CHAIN STORES AND BANKS ! FULLY TENANTED ! COMPRISING OF 13 FLATS ON 1ST FLOOR AND 4 SHOPS GROUND FLOOR ! SHOPS HAVE LONG STANDING TENANTS ! / EXCELLENT INVESTMENT OFFERING: 4 Large shops on Ground Floor with Stable Tenants (Total Income -R46k) 13 Flatlets on 1st Floor - 4 Large Flats and 10 Mixed - Bachelor and 1 Bedroom Flats (Total Income -R36k) Pre Paid Meters Installed (Electricity and Water)- collected at around 80-85% of the usage (Total Collected AUtilities R12 500) TOTAL GROSS INCOME : R94 000 per month Monthly Expenses: Rates R7500 Refuse R 6200 Water R4 200 Water R6 200 Sew R5 400 Elec R6 600 Elec R5 600 TOTAL EXPENSES : R41 500 Net Income R57 500 pm Rent Roll and financials available HUGE POTENTIAL TO INCREASE YIELD !!!! well maintained and no need of renovations Going Concern - Take Over Deal - fully tenanted, and at Zero Vat for Legal Entity Purchaser (Claim Vat Back) Shop 1 148 sqms Shop 2 110 sqms Shop 3 210 sqms Shop 4 210 sqms Flatlets: Unit 1 – 82sqms ? 3 Bedrooms ? 1 Bathroom ? Toilet ? Kitchen ? Balcony Unit 2 – 80 sqms ? 3 Bedrooms ? 1 Bathroom ? Toilet ? Kitchen Unit 3 – 62 sqms ? 1 Bedroom ? Kitchen ? Bathroom and toilet Unit 4 – 62 sqms ? 1 Bedroom ? Kitchen ? Bathroom and toilet I do not have the sqms of the other flats, but know the total floor area is around 160 – 180 sqms. Unit 5 ? 1 bedroom ? Lounge ? Kitchen ? Shower and toilet Unit 6, 7, 12 and 13 ? Bachelor/ open plan - Bedroom, kitchen, shower and toilet Unit 8 ? One bedroom ? Lounge ? Kitchen ? Bathroom and shower Communal flat made of (Unit 9, 10, 11): ? 3SINGLE bedrooms ? 3 Shared showers ? Shared Kitchen ? 3 separate toilets Renovations were done to the property 6 years ago