979 m² Commercial space in Germiston Central

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andnbspThis expansive commercial property, spanning 979 square meters, is strategically located in a bustling and sought-after area, boastingthree levels of versatile space.andnbspandnbspAt ground level, occupying 415 square meters, is a vibrant bar featuring both an open-plan area and an exclusive VIP section. This invitingspace sets the stage for lively social gatherings and entertainment.andnbspandnbspAscending 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.andnbspOn 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.andnbspandnbspCurrently utilized as a guest house, the property generates a monthly income of R40,000 from its 17 rooms. Additionally, the bar is leasedout for an additional R40,000 per month, contributing to the property''s overall revenue stream.andnbspThere is further potential to maximize returns by leasing out the 17 rooms as bachelor flats, with each unit potentially fetching aroundR3000 per month. This flexible approach allows for adaptation to market demands and tenant preferences.andnbspWith a current return on investment ROI of 24, this property presents a compelling opportunity for investors seeking lucrativeventures in the commercial real estate market.andnbspTo explore the full potential of this property and arrange a viewing, please don''t hesitate to contact me. I look forward to showcasing themyriad possibilities this property has to offer.andnbspandnbspWith Remax, you RelaxandnbspandnbspREAPING HARVEST INVESTMENTS 73 PTY LTD trading as REMAX All Stars Germiston operates in terms of a franchise agreement with REMAX of Southern Africa.

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