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Auction Date: 01/08/2019     Start: 12:00     Commercial Property

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Springs, Johannesburg - Flats and Shops / High Income Generating Building

Springs, Johannesburg - Flats and Shops / High Income Generating Building

SPRINGS - FLATS AND SHOPS / HIGH INCOME GENERATING BUILDING

Investment opportunity!! Block of 33 flats and 9 retail shops on the ground floor, the building is fully let and easy to maintain.
Excellent upside potential! Average gross monthly income of approximately R 76 000.00 per month, potential high yields on the subject building depends selling price.
Currently, the shops rental per square metre is R34, 98 lettable area is 649m2 and the flats R88, 09 per square metre lettable is 607m2.

Property   Points
High yield potential
33 Flats and 9 retail shops
Total gross lettable area (GLA) 1,256,30
Rent roll available on request

PROPERTY ADDRESS:
Selmont Mansions Building, 8 , 3rd Street, Springs, Johannesburg, Gauteng

Auctioneer Details

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AuctionInc.
Masingita House, 41, West Street, Houghton, JHB, Gauteng
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