Commercial 1869-ref-1259 for Sale in Boksburg, Boksburg

AgencyRef: 1869-ref-1259 LOCATION LOCATION ! PRIME POSITION ! STUNNING MODERNIZED UNITS ! x 2 RESIDENTIAL BLOCKS PLUS RETAIL SHOPS - FULLY OCCUPIED ! (28 TENANTS & 23 GARAGES) LOW VACANCY HISTORY ! EXCELLENT RETURNS ! / PRICE : (R22.5m plus Vat) *** Reasonable Offers can be considered *** We are proud to present this rare Investment Opportunity, offering: 1) Block A: Sectionalized units 41: - 12 Modern Residential Units - 23 Lock up Garages & Parking - 6 Retail Shops 2) Block B: x 9 ULTRA Modern Residential Units 3) Additional Income - Mtn Tower Long term Lease Zoning - Business 2 Converge - 70% Income Gross - R302 643 pm Recoveries - R45 674pm Total Income (Gross) R349 397 (19% ROI on R22.5m) Expenses R94k (average) (Ins, & Maint, Mgmnt Fee) Net Income R255 397 pm (14% ROI @ R22.5m) ****Vat transaction***** Going Concern Sale possible*** Ideally Located on a well established and vibrant shopping complex, boasting National Tenants such as Pick n Pay, PEP and many more- amplifying foot traffic and demand ! Walking distance to amenities such as Schools, Hospital, and main arterial routes. Key Features: ⢠Fully tenanted with a diverse and stable tenant mix ⢠Strong street frontage and foot traffic ⢠23 secure garages allocated across both courts ⢠100% occupancy across all units ⢠Consistent and reliable rental income with low vacancy history ⢠Adjacency to national tenants such as PEP, Pick n Pay and other established retailers ⢠Surrounded by residential and commercial developments ⢠Long-term capital growth potential Call us TODAY ! Agency reference number: 1869-1259