R 4 350 000
| Commercial Property for Sale in Benoni Central
Retail property for sale in benoni
Background:
This building was bought by the current owners in 1992.
Location:
This property comprises of the following.
Situated in the CBD of Benoni.
A two-story retail building.
Features:
GLA: 1,200m and sup2;
Land Size: 714m and sup2;
Zoned: Commercial
Layout:
Access to the first floor can be gained via the ground floor entrance.
On the Corner is a Caf and eacute;.
Next to that is 2 more Offices.
The first floor is being rented out and is used as a Night Club.
Financial:
This property is Vat registered.
The lease term is available for the Night Club.
Each of the Stores 5 x 160m and sup2; is also leased out.
S.W.O.T Analysis
Strengths? and ndash; Well located building, situated in the middle of the Benoni CBD. It is also close to all Transport facilities, buses, and Taxis as well as the Lakeside Mall. This can easily be re-developed into dwellings. Current Rental Income approximately R55,000pm
Weaknesses? and ndash; The Facility only has parking outside on the pavement.
Opportunities? and ndash; Converting this building into apartments for accommodation. As Benoni CBD has transformed a few buildings into accommodation or Schools. There are many schools and Colleges in the area.
Threats? and ndash; If the building is converted into apartments, they should be aimed at middle-class tenants like students. As lower-income tenants are not the type you are trying to attract to the area.
Conclusion as to why this is a good property to purchase:
If this building was fully let or converted properly it would yield an even better return on investment.
Property Overview
Building
Contact AgentWeb Ref 109656078
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