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R 2 500 000

Commercial Property for Sale in Boksburg Central

124 Boksburg Cbd Rd, Boksburg Central, Boksburg

1 300 m²

Contact Broker

George De Bruin

Show Contact Number

Reduced to sell ! 6 retail units plus 4 flats up for grabs !

6 retail shops - all tenanted !

FURTHER x 2 COMMERCIAL TENANTS - BACK YARD AREA WITH CAR WORKSHOPS / YARD PANELBEATING !

UPSTAIRS 4 x 2 BED FLATLETS ! All tenanted

property needs some tlc - price reduced drastically to compensate

**** reasonable offers will be considered !!

This Multi Tenanted property offers

- 5 x Large Shops on street Level (x1 Double shop)

1 x Corner Stand - Car display Floor - Panel beater and Spray Painting tenants utilizing the yard and buildings at the back

* Shops are 125 - 150sqm - Needs some Tlc cosmetics and exterior paint etc

* High demand for these shops in the area

- 4 x 2 Bedroom Flatlets on 1st Floor

All Units and shops have Pre Paid electricity meters

All units currently Tenanted (8 Retail Tenants, 4 Residential Tenants)

x 12 Tenants total

Rental Income:

5 Shops at ...

6 retail shops - all tenanted !

FURTHER x 2 COMMERCIAL TENANTS - BACK YARD AREA WITH CAR WORKSHOPS / YARD PANELBEATING !

UPSTAIRS 4 x 2 BED FLATLETS ! All tenanted

property needs some tlc - price reduced drastically to compensate

**** reasonable offers will be considered !!

This Multi Tenanted property offers

- 5 x Large Shops on street Level (x1 Double shop)

1 x Corner Stand - Car display Floor - Panel beater and Spray Painting tenants utilizing the yard and buildings at the back

* Shops are 125 - 150sqm - Needs some Tlc cosmetics and exterior paint etc

* High demand for these shops in the area

- 4 x 2 Bedroom Flatlets on 1st Floor

All Units and shops have Pre Paid electricity meters

All units currently Tenanted (8 Retail Tenants, 4 Residential Tenants)

x 12 Tenants total

Rental Income:

5 Shops at R3500.00 PM

1 Shop R2500

Corner stand (WITH YARD) AT 2 x R4500.00 pm

4 flats at r2000.00 PM - R8 000

Total Current Income R37000 GROSS

******sub standard Management - utilities are not passed to retail tenants ****

Electricity Recovered

Rates R9000

Net INCOME +- R28k

x 4 STANDS / ERF

MASSIVE POTENTIAL TO BOOST THE INCOME POST UPGRADES !

Call me today to secure this property with such HUGE POTENTIAL - Offers from R1,8m !!!

Electricity Included

Listing number: P24-114820198, Image number: 1, AERIAL VIEW OF X 4 STANDS

Listing number: P24-114820198, Image number: 2, SHOP 4

Listing number: P24-114820198, Image number: 3, SHOP 5

Listing number: P24-114820198, Image number: 4, SHOP1

Listing number: P24-114820198, Image number: 5, SHOP 2

Listing number: P24-114820198, Image number: 6, SHOP 3

Listing number: P24-114820198, Image number: 7, 2 x TENANTS ON BACK YARD

Listing number: P24-114820198, Image number: 8

Listing number: P24-114820198, Image number: 9

Property Overview

Listing Number

114820198

Type of Property

Commercial Property

Street Address

124 BOKSBURG CBD rd, Boksburg Central

Description

Freestanding

Listing Date

20 August 2024

Erf Size

2 000 m²

Floor Size

1300 m²

Rates and Taxes

R 5 900

Facilities

Bedrooms

Bathrooms

Kitchens

Dining Room

Family/TV Room

External Features

Parking

25 Open Parking

Other Features

Nearby Public Transport

Bus, Train, Minibus Taxi

Points of Interest

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