The Hill - MR306785

Commercial in The Hill, Johannesburg - South, Gauteng

R 1,649,000 Price Reduced

... Numbers not adding up?

5
3
700m2
465m2
The Hill - MR306785
Commercial in The Hill, Johannesburg - South, Gauteng
R 1,649,000
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Key Features

Rooms

  • 5 Bedrooms
  • 3 Bathrooms

More Features

  • Property Type - Commercial
  • Seller Type - Private Property
  • Floor Area - 700m2
  • Erf Size - 465m2
  • Price per square floor meter - R2,356 per m2
  • Price per square erf meter - R3,546 per m2

MyRoof Stats

  • 554 Views
PID=306785 DID=323825 SID=1

INVESTMENT OPPORTUNITY ON BUSY ROAD | DOUBLE STOREY BUILDING WITH THREE FLATS AND SIX SHOPS

Why to Buy?

• Great value building with great opportunity to expand rentals and growth opportunity
• Six shops on busy road – potential rental plus R17 500 per month
• Three flats – awesome size and value – potential rental R12 000 plus per month
• Total rental potential over R30 000 per month

This commercial building on a busy corner stand in The Hill is priced to go! The area of The Hill is close to JHB City, various schools and churches and major transport routes. This property represents a great opportunity to get into the commercial investment property league…

This property enjoys six retail shops on the ground floor with a potential rental income of R17 500 plus, plus three flats (two with two bedrooms and one bachelor) with a potential rental income of R12 000 representing an initial rental income of R29 500 or thereabouts. This represents close to a 100% return on investment….

The building is currently semi let with tenants but it needs a new owner with a new vision and a younger spirit to take it to its former glory and potential rental income of plus R30 000! Are you that new owner?

Give us a call today - lets view, lets negotiate and let’s do a deal! All reasonable offers will be considered!


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