Sole Mandate
New Listing

Commercial - Mixed Use for sale in Parkrand, Boksburg

R3,900,000
  1. 972m²
  2. Web Ref: 988254

Property Features

ERF Size 972 m²
Rates R1,027 per month
Building Size 455m²

Income producing property in a prime position

On offer is a residential house that has been converted to an income producing commercial property with various tenants and further expansion possibilities. The property, a corner stand with business 3 zoning, is situated on the service road of a main arterial route and has excellent main road frontage. Currently all the business units which takes up 50% of the total GLA are tenanted, producing a monthly net income of R30000 which in turn offers a yield of 9%. The owners of the property reside in the remaining portion of the building , +- 250m2 and this section can be converted to income producing business units without any construction which in turn would push up the yield 15%.

The property, which is completely fenced, offers 20 internal parking spaces accessible through 3 motorised gates as well as additional external parking. The property boasts excellent physical security as well as an alarm system and CCTV cameras.The current zoning allows for professional services which include medical to be conducted on the premises. This a jewel that will sell fast so don't hesitate to arrange a viewing.

Location

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