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R 3 900 000

Commercial Property for Sale in Benoni Central

711 Benoni, Benoni Central, Benoni

2 550 m²

Contact Broker

George De Bruin

Show Contact Number

High income mixed-use building - prime location ! Great money spinner !!!

Versatile 3 storey building !

Ideally located in a prime location !

Massive potential !

Offering a good mix of rental options !

Fully occupied retail component !

Reasonable offers will be considered !

This Lucrative Investment opportunity offers:

Top Floor:

(Upgraded rooms used as a Lodge / BnB currently)

10 x Rooms - 4 with bathrooms

Large Communal bathroom neatly tiled servicing the other rooms.

1St Floor:

2 x 1 Bed Flats with bathrooms

4 x Bachelor flats with Bathrooms

6 x Bachelor Flats without bathrooms - communal bathrooms on the floor servicing the other rooms.

Ground Floor:

6 x Retail shops

Based on its Location - a moderate to high demand for street faced shops exist in the area.

12,3% cap rate for Decentralized Street-Front shops

Income

- Shops: R23 650 pm

- Flats: R33 700 pm

- Top Floor rooms - if used...

Versatile 3 storey building !

Ideally located in a prime location !

Massive potential !

Offering a good mix of rental options !

Fully occupied retail component !

Reasonable offers will be considered !

This Lucrative Investment opportunity offers:

Top Floor:

(Upgraded rooms used as a Lodge / BnB currently)

10 x Rooms - 4 with bathrooms

Large Communal bathroom neatly tiled servicing the other rooms.

1St Floor:

2 x 1 Bed Flats with bathrooms

4 x Bachelor flats with Bathrooms

6 x Bachelor Flats without bathrooms - communal bathrooms on the floor servicing the other rooms.

Ground Floor:

6 x Retail shops

Based on its Location - a moderate to high demand for street faced shops exist in the area.

12,3% cap rate for Decentralized Street-Front shops

Income

- Shops: R23 650 pm

- Flats: R33 700 pm

- Top Floor rooms - if used as monthly rentals +-R33k

Total Monthly Gross R90 350

Annual Income R1 084 200

Vacancy 10% R108k

Gross R975 780

Expenses R424k

Net Annual Income R4 479 000 pm

Open Market Val R4,5M (@ 12.3 Cap rate)

*****Above being a guide for info only ****

Total GLA 2550sqm

Zoning Bus 2

Secure parking yard with access gate

Current Income (after vacancies) R96k

Net Income Currently R55k pm

Offers from R3.7m sought - B A R G A I N !!!!!

Call today to snatch up this money spinner !!

SUPERB LOCATION to turn it into a goldmine

Electricity Included

Water Included

Listing number: P24-115209927, Image number: 1, TOP FLOOR ROOMS

Listing number: P24-115209927, Image number: 2

Listing number: P24-115209927, Image number: 3, RECEPTION TO LODGE TOP FLOOR

Listing number: P24-115209927, Image number: 4, TOP FLOOR ROOMS

Listing number: P24-115209927, Image number: 5

Listing number: P24-115209927, Image number: 6

Listing number: P24-115209927, Image number: 7

Listing number: P24-115209927, Image number: 8

Listing number: P24-115209927, Image number: 9

Property Overview

Listing Number

115209927

Type of Property

Commercial Property

Street Address

711 Benoni, Benoni Central

Description

Freestanding

Listing Date

13 November 2024

Erf Size

600 m²

Floor Size

2550 m²

Rates and Taxes

R 3 780

Facilities

Bedrooms

Bathrooms

Main en Suite

Kitchens

Laundry

Family/TV Room

External Features

Parking

15 Open Parking

Other Features

Security

Security Gate

Special Feature

Paveway

Flatlet

Yes

Nearby Public Transport

Bus, Minibus Taxi

Points of Interest

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