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Commercial Building Investment In Margate For Sale

Margate, KwaZulu - Natal, South Africa
Asking Price:
R2,080,000
Sales Revenue:
R300,000
Cash Flow:
Under R100K

A great commercial and residential building is for sale. The building has recently been renovated and is in great condition. The building has two residenital units on the 2nd level as well as 3 business premises on the ground floor that could be combined to make a larger unit if needed. The building is located in a residential area which lends its hand to being the captive market for the businesses below as well as a great place for renters on the top floors, the top floors could also be used as offices or even doctors rooms.Rental income +-R25 000-R30 000 per month fully let This is a great investment and with a asking great price, this oppurtunity will not be on the market for long.

Property Information

Real Estate:

Real Property Included

Location:

The building is located in a residential area near the airport and schools, which provide a good amount of traffic through the area with people coming and going or on route to their destinations

Premises Details:

The Premises has 2 flats on the top level comprising of 3 bedrooms, 2 bathrooms, a large living area and kitchens, +-120 square meters each. The ground flour has 3 business units that cover a total of 250 suare meters.

Business Operation

Competition / Market:

No direct oppostion near

Reasons for selling:

The owner's circumstances have changed due to the pandemic and unforunately have to sell.

Contact Information

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