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DIVERSE CORNER PROPERTY, BOKSBURG - 14 FEBRUARY 2024 @ 12H00 COMMERCIAL PROPERTY AUCTION IN BOKSBURG, GAUTENG AUCTIONED BY O-YES AUCTIONS

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BOKSBURG - COMMERCIAL PROPERTY

DIVERSE CORNER PROPERTY, BOKSBURG - 14 FEBRUARY 2024 @ 12H00 - THIS AUCTION HAS CLOSED

DESCRIPTION:

 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

Auction Details:

Auction Venue: 243 Commissioner Street, Boksburg

Date: Wednesday, 14 February 2024

Time: 12h00

Registration and viewing one hour prior to auction.

Alternatively register to bid online

FEATURES:

Potential income building 

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