R 1 600 000 | building property for sale in boksburg central

This Business 1 zoned property presents an excellent opportunity for investors seeking a well-positioned, income-generating commercial asset in the heart of Boksburg Central. Offering a combination of residential rental income, commercial tenancies, and future development potential, this property is ideally suited for investors looking to unlock additional value through refurbishment and strategic management. Property Overview Zoning: Business 1 Erf Size: 2,080 m² Building Size: 1,020 m² Back Yard Area: Approximately 850 m² Location: Boksburg Central Improvements The property comprises: 4 x Two-Bedroom Residential Flatlets, providing additional residential rental income. 6 Commercial Shops/Business Premises, accommodating a variety of businesses and creating multiple income streams. A spacious rear yard measuring approximately 850 m², offering ample space for storage, additional parking, or future development, subject to municipal approval. Property Condition The property is not in its best condition and would benefit from general maintenance, repairs, and refurbishment. While cosmetic improvements and ongoing maintenance are required, this presents an excellent opportunity for investors to add value and increase the property's overall appeal and rental potential. With the right investment, the property has the potential to achieve significantly improved returns. Investment Highlights Prime location in the commercial hub of Boksburg Central. Business 1 zoning allowing for a wide range of commercial uses. Diverse income streams from both residential and commercial tenants. Large 2,080 m² erf with approximately 850 m² of usable rear yard space. Strong value-add opportunity through refurbishment and modernization. Excellent accessibility to major transport routes, public transport, retail centers, banks, schools, and other essential amenities. Potential to enhance rental income and long-term capital growth through strategic improvements. Development Potential The substantial rear yard area offers significant scope for future expansion, additional buildings, secure parking, storage facilities, or other commercial improvements, subject to municipal approval. This flexibility further enhances the property's long-term investment potential.