Property Details

248m²

Ground Floor offering 1 x tenanted shop (perfect for Liquor store) and workshop. Workshop currently utilizes Garage space for residential tenants, potential of R 10 000.00 rental. Additional parking available down the road for tenants when converting the garage into a workshop.

2 x Bachelor rooms currently utilized as storerooms can be converted to bachelor accommodation. 2 x bathrooms to service 2 x bachelor flats.

Currently tenanted at a total rental income of R 15 000.00 excluding 2 x flats and Workshop.

Suggested rental income on 2 renovated flats - R 2500.00 each.

Ground Floor Benefits:

75 m2 shop + basement storage.
Tenanted at R 15 000.00 monthly.
Shop is perfect for a Liquor store.
Corner building in Busy Boksburg.
2 x storerooms can be converted to studio apartments.
2 x bathrooms for studio apartments.
Courtyard communal area.
Security access system for tenants.
Secure double roller garage doors at workshop area. Currently utilized at 4 x parking.
The Shop and Workshop area has direct access to the courtyard.
Ample visitor’s street parking.

Second floor offers

1 x 2 bed/ 1 x 1 bed/ 1 x studio apartment.

Apartments complimented with a wooden deck to serve as outdoor entertainment area. 3 Modern Apartments in excellent condition and are well maintained.

Currently tenanted at a total monthly rental income:

2 bed apartments: R 5 500.00

1 bed apartment: R 3 800.00

Studio apartment: R 3000.00

TOTAL: R 12 300.00

Second Floor benefits:

2 bed apartment: