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Property With A Passive Income In Mogale City For Sale

Mogale City, Gauteng, South Africa
Asking Price:
R9,000,000
Sales Revenue:
R100K - R500K
Cash Flow:
R100K - R500K

Although the owners of this well-located property are asking R9,000,000.00 (negotiable), it currently generates a passive income of around R72,400.00 but has the potential to easily generate R117,300.00 per month. Prior to the Covid-19 lockdown, the seller was receiving around R107,370.00 per month from rentals.
Just off the M5 (Beyer’s Naude Drive) and close to the N14 highway, this property measuring 4.3 hectares has over 2,000 sq. metres under roof. The passive income is generated by a number of small businesses that rent a building. These businesses range from eateries, restaurants, micro-brewery specialising in craft beer, a number of well know factories and many flea-market stores and don’t forget the go-cart track.
The property owner has long term lease agreements in place with all the tenants and is constantly looking to add to the variety available to its many visitors.

Unfortunately, due to the impact of the Corona virus the venue has been forced to comply with Covid-19 restrictions but is slowly seeing the return of its many visitors particularly over the weekend and public holidays.

The Holding Company is VAT registered and the seller is willing to sell the company.

For more information contact us using the form on this page.

Property Information

Real Estate:

Real Property Included

Location:

Just off Beyer's Naude Drive and before the N14

Premises Details:

There are a number of factories, market stalls, offices and a farm house, micro brewer for craft beers, go-karting track

Size in square feet:
4.3 hextares
Planning Consent:

Business/agricvultural

Business Operation

Expansion Potential:

Build more market stalls to attract more feet

Competition / Market:

None

Reasons for selling:

The seller wants to consolidate his business interests

Trading hours:

08h00 to late

Years established:
2006

Other Information

Support & training:

The seller will do a handover to a potential buyer for an agreed period of time.

Home based:
This business can be run from home.

Contact SA Land

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