Apartment to rent in Boksburg Central

Ground Floor offering 1 x tenanted shop (perfect for Liquor store) and workshop. Workshop currently utilizes Garage space for residential tenants, potential of R 10 000.00 rental. Additional parking available down the road for tenants when converting the garage into a workshop.

2 x Bachelor rooms currently utilized as storerooms can be converted to bachelor accommodation. 2 x bathrooms to service 2 x bachelor flats.

Currently tenanted at a total rental income of R 15 000.00 excluding 2 x flats and Workshop.

Suggested rental income on 2 renovated flats - R 2500.00 each.

Ground Floor Benefits:

• 75 m2 shop + basement storage.
• Tenanted at R 15 000.00 monthly.
• Shop is perfect for a Liquor store.
• Corner building in Busy Boksburg.
• 2 x storerooms can be converted to studio apartments.
• 2 x bathrooms for studio apartments.
• Courtyard communal area.
• Security access system for tenants.
• Secure double roller garage doors at workshop area. Currently utilized at 4 x parking.
• The Shop and Workshop area has direct access to the courtyard.
• Ample visitor’s street parking.

Second floor offers

1 x 2 bed/ 1 x 1 bed/ 1 x studio apartment.

Apartments complimented with a wooden deck to serve as outdoor entertainment area. 3 Modern Apartments in excellent condition and are well maintained.

Currently tenanted at a total monthly rental income:

2 bed apartments: R 5 500.00

1 bed apartment: R 3 800.00

Studio apartment: R 3000.00

TOTAL: R 12 300.00

Second Floor benefits:

2 bed apartment:

• Open plan lounge and dining area.
• Separate Kitchen with ample appliance space.
• 2 sizable bedrooms.
• 1 Full bathroom.

1 bed apartment:

• Open plan lounge dining and kitchen area.
• 1 bedroom with BIC.
• 1 bathroom.

Studio apartment:

• Open plan living and sleeping area.
• Kitchenette.
• Enough cupboard spaces.
• Newly renovated bathroom and kitchen.
• Wooden deck area for entertainment.
• Private parking space to rent down the road.
• Security access system.

Outdoor:

Deceased estate

248 m2 corner building

Potential rental income: R 43 000.00

Central located