( **** Note: this Property is being sold WITH another business, priced at R 4,5mil with an EBITDA of R 1,6mil **** )
Please enquire for more details.
The property has 2 registered zoning sections:
1) A Commercial Section ( 3 tenants plus below Short Term Holiday rental flat )
2) A Residential Section (Short-term Holiday Rental )
They have 3 fixed tenants and a Holiday Flat that gets rented as an Airbnb
Various strategies could be implemented to increase revenue:
Plan A - Move the Business to another location
- Rent the spaces out for higher market-related rentals
Plan B - the same but convert some spaces to also become short-term holiday rental spaces
Plan C - a combination of the above
- This is a multi-story building with opportunities
