161 Meyer Street
17
20
979m2
Commercial Property in Germiston Central For Sale
161 Meyer, Street
Monthly Bond Payment: R
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17
This expansive commercial property, spanning 979 square meters, is strategically located in a bustling and sought-after area, boasting
three levels of versatile space.
At ground level, occupying 415 square meters, is a vibrant bar featuring both an open-plan area and an exclusive VIP section. This inviting
space sets the stage for lively social gatherings and entertainment.
Ascending 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.
On 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.
Currently utilized as a guest house, the property generates a monthly income of R40,000 from its 17 rooms. Additionally, the bar is leased
out for an additional R40,000 per month, contributing to the property's overall revenue stream.
There is further potential to maximize returns by leasing out the 17 rooms as bachelor flats, with each unit potentially fetching around
R3000 per month. This flexible approach allows for adaptation to market demands and tenant preferences.
With a current return on investment (ROI) of 24%, this property presents a compelling opportunity for investors seeking lucrative
ventures in the commercial real estate market.
To explore the full potential of this property and arrange a viewing, please don't hesitate to contact me. I look forward to showcasing the
myriad possibilities this property has to offer.
With Remax, you Relax
| Bond Payments | R |
| Mun. Rates & Taxes | ZAR 3,850 |
| Web Ref | RXDH-11988 |
| Property Type | Commercial Property |
| Building Size | 979m2 |
| Bedrooms | 17 |
| Bathrooms | 20 |
Sibonelo Nhlapo
Sales Associate
RE/MAX All Stars (Germiston)
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Monthly Bond Payment: R
