This commercial property in Benoni Central has three storeys with excellent visibility and mixed use with a retail and two storey residential component. It is an excellent investment opportunity for a dynamic investor/entrepreneur with great features, excellent location, and versatility. The building is situated in a part of the CBD where a number of renovations have already taken place and a total renewal is imminent. This is an excellent investment opportunity. The ground floor is approximately 285m2 of retail space subdivisible to 3 different shops of just under a 100m2 each. The first and second floor each consist of 2 x 2 bedroom and 1 x 1 bedroom flats. All 6 flats are spacious and bedrooms have BICs. None of the flats currently have stoves. The 3 x 100m2 subdivided, small shops can each generate R10,000 pm rental and the 6 flats can generate R24,000 in total, generating rental income of R54,000 easily. This generates a healthy return on investment.
There is yard space of approximately 300m2 behind as well as 2 x SQ rooms and ablutions. This provides safe room for expansion or additional work and storage space. The ground floor showroom is totally glass shopfront with a separate, secure entrance to the flats above. The +-12m2 walk in strongroom is very solid just like the rest of the building. Boundary walls are 2m high. Maintenance and renovations will further improve the value of the property.
This building is ideal, whether you are setting up or expanding. Location is excellent on a busy road, and access to N12 and N17 is easy. The Lakeside Mall and Benoni CBD is within walking distance with plenty businesses and clients aplenty. The OR Tambo Airport, and the entire Ekurhuleni Aerotropolis as well as all major highways are close by. SAPS and hospitals like Glynnwood are very close.
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