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R 5 900 000
Commercial Property for Sale in Elsburg
6 Mare Street, Elsburg, Germiston
Commercial Property for Sale in Elsburg
6 Mare Street, Elsburg, Germiston
0
Commercail and Resdiential building for sale
This Residential Accomodation building with 14 units and 7 Retail shops, FOR SALE !
A lucrative income earning oppourtunity.
The building is ideally located near main transport routes, good amenities and not far from Johannesburg CBD.
- 14 Units, broken down in the following structure.
8x 2 bedrooms.
6x 1 bedrooms. (easily converatble to 2 bedrooms)
Each unit has well sized bedrooms, huge lounge, kitchen and bathroom and loo seperate.
7 Retail shops.
Lets break the numbers down. (forecasted)
6x1 Bed = R3500 = R21000.00
8x2 Bed = R4500 = R36000.00
5 average size retail shops R6000 each = R30000.00
2 Bigger Retal Shops R10000.00 each = R20000.00
Total Gross income;
Accomodation R57000.00
Retail R50000.00
r107 000.000 per month gross.
Expenses approx
Rates R5000.00
Refuse R5000.00
insurance R3500.00
Mangment R10000.00
Total Gross Expenses
R23500.00
Forecasted Net income R83500.00
Get in touch today for your personal viewing of this exciting investment property !
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