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R 3 000 000
Commercial Property for Sale in Rewlatch
17 Rewlatch Road, Rewlatch, Johannesburg
Commercial Property for Sale in Rewlatch
17 Rewlatch Road, Rewlatch, Johannesburg
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Welcome to MIAMI MANSIONS. Investment opportunity.
This building situated on the main road in REWLATCH comprises of 8x1 bedrooms and 2 bachelors flats.
8x 1 bed @ R3500 each, Total RES income R28000.00 (covert-able to two bedroom units) with beautiful views of the city.
The two bachelor flats are at R3000 each Total R6000.00.
The 6 shop are all lettable for and average of R4000 each = Total R24000.00
Main shop 80 SQM
PREPAID electricity in the units and shops.
The building is well located in the most quite part of the residential area, building is also well secured with lock up parking for all tenants, the property also has a caretaker with toilet.
Some flats have been renovated.
Gross income R58 000.00
Less insurance R800
Less rates R3850
Maintenance R1500
Expenses Total R6150.00
Estimated NET R51 850.00 income per month.
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