Date: 29/05/2018         R POA     Commercial

Primrose, Germiston - 2 Fully Let Buildings in Prime Location For Sale | Sole Mandate

Primrose, Germiston - 2 Fully Let Buildings in Prime Location For Sale | Sole Mandate

Primrose, Germiston - 2 Fully Let Buildings in Prime Location For Sale | Sole Mandate

SOLE MANDATE
FULLY LET IN A PRIME LOCATION OF PRIMROSE

A GOOD BUY COMES TO THE MARKET
Close to Highways, Schools & Shopping Centres

Stand 661 and 662 Primrose
2 Rietfontein 961m2
4 Rietfontein 808m2

Buildings consists of the following:
20 x 2 room flats with
Seperate kitchen
Seperate bathroom
Separate entrance hall

1x bachelor flat
1 x 3 room flat
21 x single garages used as rental rooms.
2 x Retail shops

Income and Expenses.
20 x 2600 rent = R 52 000
1 x 3 bedroom = R 3 000
12 X Garages = R 12 000
Shop 1         = R 3 800
Shop 2         = R 5 000
Total Income     R75 800pm

Expenses
Rates etc         R 4 600
Salaries Caretaker   R 4 000 pm
cleaner           R 2 500 pm
Cleaning materials   R 1 000pm
Total           R12 100pm
Nett R63 700pm

* WATER AND ELECTRICITY CHARGES SEPERATE.
* DUE FOR RENTAL INCREASE-

All units are occupied

Auctioneer Details

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Park Village Auctioneers

Request more information about this sale

mailto:tanya@sideffects.co.za?Subject=Hi. I would like to convert my surplus Plant & Machinery stock into cash