Building For Sale in Elsburg

R2,500,000

Web Ref No CL6829

INVESTORS ALERT! NEIGHBOURHOOD CONVENIENCE CENTRE WITH MTN TOWER FOR SALE IN ELSBURG, GERMISTON

LET’S CUT THE NOISE!

LET’S CUT TO THE CHASE!

INVESTORS WITH KEEN EYES WILL NOT LET THIS ONE PASS BY, OWNER HAS EMIGRATED AND MUST SELL!
Key facts:
- Erf 1 533 sqm
- GLA 812 sqm
- 5 income producing shops
- One bedroom Flat x 1
- MTN Cellmast
- Corner stand convenience centre in Elsburg is available for sale, with a projected R450 000 in the first year of ownership with full tenancy and the MTN Cellmast lease.
- Surrounded by Germiston surbubs and Wadeville
- Multi-let with existing income generation and upside potential
- On-site parking as well as street front parking available
- Accessible from Olivier Street (M53) and a measly 2,5 Km from N17 Highway
- An estimated NOI of R370 000 per annum
- An estimated CAP Rate of 10%

NB: The CAP rate is considered Good from 5%, Geez… you get 10%
Need I say more…. Would you like us to open our books?
Snatch this one before it’s too late!
Call us for an exclusive tour!