R7,500,000

Commercial for sale in Dormehlsdrift

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!

Property Type
Commercial
Stand Size
2,840m²
Building Size
414m²
Rates & Taxes
R7,700
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The bustling town of George lies in the fertile valley of the Outeniqua Mountains and enjoys some of the most breathtaking views of the Garden Route.
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commercial listed on 04 Jan 2021