Commercial Property For Sale in Hillbrow, Johannesburg

ref# 712
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Asking Price : R 15 000 000 (903 614 EUR*)

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Province:Gauteng City:Johannesburg Suburb:Hillbrow Erf Size: ± 958 m2 Floor Size: ± 4180m2

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An iconic art-deco style freehold blocks of flats. fantastic location, on Louis Botha, opposite Berea Fire Station on the Reya-Vaya bus route

A great yield, an iconic investors choice, the best location. This gem has a massive gross monthly income of R21 3769.61 per month. Still have ample opportunity to maximize the returns. Nestled on their ReyaVaya route. The Penthouse on the last floor will easily give you an extra R30 000pm

Fully functional lift, prepaid electricity meter, and newly renovated. it consists of 33 flats, 11 self-contained rooms, 38 parking, 9 more rooms for conventions.

Height 6 floors

Land size/ ERF size 958m2

Gross income R233769.61 pm Note: Including the Penthouse

Expenses at 35% R81819.36

Total Net income R1823403.00 pa

Sector Commercial/Residential

Subsector Sectional Scheme

Flats - 23

Bachelors - 10

Rooms - 11

parking bays - 38

Store rooms - 9

It is a must-buy.

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