979 m² Commercial space in Germiston Central

andnbspThis expansive commercial property, spanning 979 square meters, is strategically located in a bustling and sought-after area, boasting

three levels of versatile space.andnbsp

andnbspAt ground level, occupying 415 square meters, is a vibrant bar featuring both an open-plan area and an exclusive VIP section. This inviting

space sets the stage for lively social gatherings and entertainment.andnbsp

andnbspAscending to the first floor, you''ll find a generous expanse of 363 square meters. This floor accommodates seven bachelor rooms, each complete with its own private toilet and shower facilities, along with a shared kitchen area. Ideal for tenants seeking convenience and privacy.andnbsp

On the second floor, spanning 201 square meters, are ten additional bachelor rooms, mirroring the layout of the first floor with individual amenities and a communal kitchen space. This floor offers further accommodation options, catering to diverse tenant needs.andnbsp

andnbspCurrently utilized as a guest house, the property generates a monthly income of R40,000 from its 17 rooms. Additionally, the bar is leased

out for an additional R40,000 per month, contributing to the property''s overall revenue stream.andnbsp

There is further potential to maximize returns by leasing out the 17 rooms as bachelor flats, with each unit potentially fetching around

R3000 per month. This flexible approach allows for adaptation to market demands and tenant preferences.andnbsp

With a current return on investment ROI of 24, this property presents a compelling opportunity for investors seeking lucrative

ventures in the commercial real estate market.andnbsp

To explore the full potential of this property and arrange a viewing, please don''t hesitate to contact me. I look forward to showcasing the

myriad possibilities this property has to offer.andnbsp

andnbspWith Remax, you Relaxandnbspandnbsp

REAPING HARVEST INVESTMENTS 73 PTY LTD trading as REMAX All Stars Germiston operates in terms of a franchise agreement with REMAX of Southern Africa.