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FANTASTIC HIGH INCOME GENERATING COMMERCIAL PROPERTY - PRICED TO SELL !
R 3,996,000
Can I afford this?
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Description
EXCELLENT MIXED USE BUILDING !
EXCELLENT MIX OF FLATS - DOUBLE AND SINGLE ROOM UNITS OFFERED !
HUGE ROOMS IN GREAT CONDITION !
BUILDING RECENTLY UPGRADED PLUS A BRAND NEW ROOF INSTALLED !
PRIME LOCATION WITH HIGH TENANT DEMAND !
FULLY TENANTED, FANTASTIC YIELD ! (19.5% R.O.I.)
/
This Excellent Investment is up for Sale, Offering:
Ground Floor:
Entrance and Foyer
12 x Single / Bachelor FLATS all neatly painted with Tiled Flooring, with own bathroom and Kitchenette / sink
1St Floor:
6 x Double Room Flats Offering quality Rooms, Large in size and with bathrooms and Kitchen / Kitchenettes
Access to balcony area at back ideal for hanging washing etc
2nd Floor
5 x Double Room Flats very neat and extra spacious, offering bathrooms and Kitchens / Kitchenettes
2 x Retail Shops on street Level boasting with brand new Roller shutter doors.
Exterior of this building has been upgraded and offers a striking and appealing street view.
Income:
12 x Singles at R2800 each +- R31k
11 x Double Room Units at R3500 - R4500 +- R33k
Retail Shops (conservative rates) at R3500 +- R4.5k
Total Current Income +- R68 000 p/m Gross
Exp (Rates R1800, Wifi R999) R8000-R9000
Net Income at R66 000 !!!
R.O.I. at 19,5%
All utilities are Metered for convenience of Management
(W&L)
** Electricity recovered from Tenants at R3/Kw
Water recovered at R50/Kiloliter
All units with Prepaid meters (WATER AND ELECTRICITY)
Billing administered by Citiq Co.
CCTV System - Recently fitted x 8 Cameras
Call us today on this FANTASTIC Investment Opportunity - no work required !!!
******* PRICED TO SELL ******
Call me immediately to secure your first option !
Rates And Taxes: 1800
Property Reference #: 953
Agent Details:
Alta De Bruin
Caldan Homes
P O Box 17109, Sunward Park, Boksburg, 1470
Boksburg
EXCELLENT MIX OF FLATS - DOUBLE AND SINGLE ROOM UNITS OFFERED !
HUGE ROOMS IN GREAT CONDITION !
BUILDING RECENTLY UPGRADED PLUS A BRAND NEW ROOF INSTALLED !
PRIME LOCATION WITH HIGH TENANT DEMAND !
FULLY TENANTED, FANTASTIC YIELD ! (19.5% R.O.I.)
/
This Excellent Investment is up for Sale, Offering:
Ground Floor:
Entrance and Foyer
12 x Single / Bachelor FLATS all neatly painted with Tiled Flooring, with own bathroom and Kitchenette / sink
1St Floor:
6 x Double Room Flats Offering quality Rooms, Large in size and with bathrooms and Kitchen / Kitchenettes
Access to balcony area at back ideal for hanging washing etc
2nd Floor
5 x Double Room Flats very neat and extra spacious, offering bathrooms and Kitchens / Kitchenettes
2 x Retail Shops on street Level boasting with brand new Roller shutter doors.
Exterior of this building has been upgraded and offers a striking and appealing street view.
Income:
12 x Singles at R2800 each +- R31k
11 x Double Room Units at R3500 - R4500 +- R33k
Retail Shops (conservative rates) at R3500 +- R4.5k
Total Current Income +- R68 000 p/m Gross
Exp (Rates R1800, Wifi R999) R8000-R9000
Net Income at R66 000 !!!
R.O.I. at 19,5%
All utilities are Metered for convenience of Management
(W&L)
** Electricity recovered from Tenants at R3/Kw
Water recovered at R50/Kiloliter
All units with Prepaid meters (WATER AND ELECTRICITY)
Billing administered by Citiq Co.
CCTV System - Recently fitted x 8 Cameras
Call us today on this FANTASTIC Investment Opportunity - no work required !!!
******* PRICED TO SELL ******
Call me immediately to secure your first option !
Rates And Taxes: 1800
Property Reference #: 953
Agent Details:
Alta De Bruin
Caldan Homes
P O Box 17109, Sunward Park, Boksburg, 1470
Boksburg
Id Subtitle 1277436775
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Estimated monthly repaymentR 43,305
Total property loan amountR 3,996,000
Total interestR 6,397,185
Total repaymentR 10,393,185
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Caldan Homes
Selling for 7+ years
Total Ads58
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