800m² Building For Sale in Benoni Central

R 3,850,000

2 months ago102 views
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General Details
Location:
For Sale By:Agency
Size (sqm):800
Parking:Covered
Description
Background:
This building was bought by the current owners more than 50 years ago and have kept it in the family. It has a Retail shop where they sell Bicycles and do repairs to washing machines and other appliances.

Location:
This property comprises of the following.
Situated in the CBD of Benoni.
A two storey office building.
A retail shop on the ground floor and a yard.
4 x 2 Bedroom Flats and 2 x 1 Bedroom Flats on the first floor.

Features:
GLA: 1000m²
Land Size: 595m²
Zoned: Commercial

Layout:
Access can be gained via the ground floor entrance.

Financial:
This property is Vat registered.
Rental Income on the Flats = R21, 000pm
The bottom retail section can be rented out at R40m² x 575m² = R23,000
Leases are available.
The Business is also a part of the Sale.

S.W.O.T Analysis
Strengths? – Well located building, situated on the main road in Benoni CBD. The Landlord has good tenants who pay on time. It is also close to all Transport facilities, Trains, Bus and Taxi’s. He has replaced all electricals and plumbing, this is a sound building.

Weaknesses? –The Facility does not have its own parking. There are parking facilities close by at a monthly tariff.

Opportunities? – The Landlord has kept the building in good condition had the electrical re-wired and so on. He has also kept the rentals low as to hiking them and then having no tenants? The rentals need to be looked reviewed.

Threats? – If you up the rent then you may lose a couple of good tenants.

Conclusion as to why this is a good property to purchase:
This is a good well looked after building. It has many opportunities on the retail side.


Property Reference #: 21BN-1645

Agent Details:
Andre Stephan
Century 21 Kempton Park
Kingswood Center,9 Northfield Avenue,Glenhazel

Id Subtitle 765826237
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