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Listing ID: 3020370

Large Residential & Commercial building - Block of 70 flats plus 10 retail shops in JHB CBD For Sale

Johannesburg, Gauteng, South Africa

R 24,000,000

Revenue: R 3,600,000

Cash Flow: not disclosed

Business Description

Gallery 88 proudly brings to market an excellent BLOCK of flats property
in the center of JHB CBD.
The building is very well positioned on a main road and near the center
of the CBD in Johannesburg.
The building is in good condition and offers minimum maintenance
needed NO costly upgrades.
The building consists of 70 odd flats and 10 retail shops.
Building has 100% occupancy and long list of waiting tenants.
Monthly income +/- R420.000 pm.
Expenses monthly +/- R120.000 pm.
NET income pm - R300.000+
*** Pse NOTE - ANNUAL INCOME +/- R3600000 (three million six hundred thousand).
Buyer pre vetting and POF to be performed prior to any further information being released!

PS - NO Brokers/ Agents/ third parties will be considered for this transaction under any circumstances!

Property Details

Size:

n/a

Years Established:

n/a

Property Type:

Real

Real Estate Value:

R 26,000,000

Other Details

Business Location:

jhb CBD

Premise Details:

BLOCK OF 70 FLATS + 9 retail shops

Competition:

n/a

Expansion Potential:

n/a

Operation Details

Employees:

6

Trading Hours:

n/a

Support & Training:

n/a

Miscellaneous

Reason For Selling:

n/a

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