For Covid - 19 updates, please visit the official Government website www.sacoronavirus.co.za

Compare Listings

Description

BLOCK OF FLATS WITH 4 RETAIL SHOPS FOR SALE IN BENONI

Property.CoZa is proud to offer the following Block of Flats.

This does not come along often

An Investor buyer could Sectionalize this block of Flats and sell them off at a Profit

As just renting them out after buying is not a good ROI.

There are 10 big x 1 Bedroom flats and could sell at R420,000

Then the Retail Shops, there are 2 Tenants, who Let 2 x shops each

The property is 595sqm. The ground floor is 595sqm ÷ 4 – Entrance and stairs (35 sqm) = 140sqm

Each Shop is approx. 70sqm.

There is a courtyard of 125sqm on the first floor to hang washing.

Each Floor is approx. 470sqm with 5 flats = Each Flat is approx. 100sqm

This property can be raised another 6 Floors.

There are separate Water and Electricity Meters.

There is an existing Rental Management Agency.

This Block of Flats is Secure having burglar bars in all the right places.

The downside is that there is no parking for these flats, although tenants who have vehicles make a deal with the Petrol Station across the road where they are then able to park their vehicles.

The Upside is that it is very clean and well looked after Block of Flats and a good investment.

Buy and sit back let the rental management team look after your investment

Read More

Details

Updated on December 13, 2021 at 10:55 am

  • Reference #: 1333312
  • Price: R6,700,000
  • Suburb / Town: Benoni
  • Property Type: Apartment / Flat
  • Bedrooms: 1
  • Bathrooms: 1
  • Living Areas: 1
  • Building Size: 1660.0 ㎡
  • Stand Size: 595.0 m²

Need a Bond?

R
R
%
Years
Total you will repay
0
Deposit
0
Total Interest
0
Per Installment
0
Loan Payment (R):
0
Interest Rate (%):
0
Period in Years :
0
* 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.