Commercial - Mixed Use for sale in Parkrand, Boksburg
Web Ref: 988254
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.
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
Our goal is to sell your property at the right price and in the shortest possible time.