806 m² Commercial space in Berea
R 12 000 000
Floor Area 806 m²
Land Area 805 m²
Rates R 25000
LOCATION, LOCATION, LOCATION!!!
Conveniently located close to Louis Bortha in the most tranquil part of Berea moments away from the Fire Station. This recently renovated block is as good as new and in mint condition and fully tenanted.
This block comprises of:
8 x huge 2 bedrooms (over 180 sqm each)
12 x huge 1 bedrooms (over 100 sqm each)
15 x single rooms
20 x parking bays
Storage rooms and many more
Gross Annual Revenue R 1,809,330.00
A guaranteed 12.5% YIELD that can easily be increased by reconfiguring the huge apartments to create more units.
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Experience Johannesburg CBD and Bruma
The Johannesburg CBD encompasses a vast area, ranging from the affluent areas like Linksfield, to more affordable areas like Hillbrow and Bruma. After years of being seen as a no-go area by many, the city centre has bounced back to being in demand again. A massive urban regeneration project has seen money pumped into the area and occupancy is up and crime is down - a sure sign that it's working. The Maboneng precinct, for instance, now attracts a hip, arty crowd to its bars, restaurants, shops and art galleries.
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