Commercial space in Flamwood

Commercial Guesthouse For Sale In Klerksdorp, Flamwood.

Property description:

Eight townhouse unit, comprising of the following :

Three bedroom townhouse unit with a double garage

Two bedroom townhouse unit with a small splash pool, carport

5 x Two bedroom townhouse units, with carports

1 x One bedroom townhouse unit with a carport

All eight units have municipal prepaid electricity that allow them to buy their own electricity

Private water meters were installed to bill the tenants for their own usage

The property current income as follows:

Three bedroom unit @ R 7250 p.m (private rental-due to move)

Two bedroom unit @ R 5500 p.m (agent commission included)

3 x Two bedroom unit @ R4600 p.m each (private rental due to renew lease)

1 x Two bedroom unit @ R4800 p.m (private rental)

1 x Two bedroom unit @ R4750 p.m

(private rental)

One bedroom unit @ R3450 p.m (agent commission incl)

The property projected income would see a potential increase between 5 and 10%, increase in the rent for 2024 (but does not reflect the higher current rent for Flamwood or Wilkoppies area)

The property expense are as follows:

Insurance - R1271 p.m

Garden service - R 850 p.m

Rates and taxes - R 3083 p.m

This property is available for a quick sale as it is not bonded at any bank.

If serious interest is shown in the property, any additional information could be provided.

Hoping to hear from you soon.

Regards

Centridge is a proudly South African real estate brand dedicated & ultimately committed to providing exceptional levels of service. Centridge offers tailor-made and effective solutions to any real estate agent, buyer or seller in a cost-effective manner.