Although the owners of this well-located property are asking R8,000,000.00 (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.
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