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Date: 10/12/2018          Offer to Purchase     Commercial Property

Primrose, Johannesburg - Commercial Property For Sale

Primrose, Johannesburg - Commercial Property For Sale

Primrose, Johannesburg - Commercial Property For Sale

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

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

Income and Expenses.

20 x 2600 rent = R52 000
1 x 3 bedroom = R 3 000
12 X Garages = R12 000
Shop 1= R3 800
Shop 2= R 5 000
Total Income = R75 800pm

Expenses
Rates etc :R 4 600
Salaries Caretaker: R4 000 pm
cleaner: R 2 500 pm
Cleaning materials :R1 000pm
Total : R12 100pm
Nett pm R63 700.00

Water & Electricity charges seperate
Rental increases due
All units are occupied

Auctioneer Details

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Park Village Auctioneers

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