Exclusive Sole Mandate
This Income Generating property is located in the center of George! The ROI is around 7 - 8% (depending on the Buyers Vat Status)
Situated on a corner stand this property is surrounded by other popular businesses, for example, Wonki-Ware, Grumpy Griller and the Golfers Club to name a few.
There are currently 5 full-time tenants as well as 1 tenant who are only renting parking for trucks in the backyard.
The Current tenants are:
Ninas Cafe' - 131m²
Awnings and Blinds - 175m²
Hairdresser - 41m²
Banger Car Hire - 40m²
Private Flat - 26m²
Transport Company - Parking only
The Seller is a Vat vendor, therefore if the Buyer is not Vat registered at the time of purchase the selling price will be R7 500 000 plus R1 050 000 vat = R8 550 000.
Call now to arrange your private viewing!