Commercial Retail Complex

Area: Dullstroom
Reference: ZB35
Land Size: 1,388 sqm


R 4,600,000

Details

Well known landmark retail complex located on the main road in Dullstroom. The building had a complete make-over in 2013. It features a restaurant with an upstairs theatre, retail outlet and office space. It has established landscaped gardens, a childrens play area and ample paved parking in front. The property is very well located on the main road through Dullstroom and highly visible. The buildings are attractive and well maintained.

Accommodation

Extras

-Sale includes all the fitted kitchen equipment currently utilized by the restaurant;
-Current rental income of R 18 000 pm from the restaurant and R 5000 pm form the architects studio. No annual escalation;
-The boutique belongs to the current owner - no rental income at this moment, but potentially 8k - 9k pm;
-Rates and taxes R 6700 pm, paid by owner;
-Tenants responsible for ESKOM and garden services;
-Current ROI of 6 percent, potentially 8 percent (with rental income from the boutique)

Commercial Opportunities

Restaurant

- Covered entrance and patio leading into a reception area, 2 dining areas, bar, kitchen, prep room, delivery area, scullery, storeroom, staff change rooms, ladies and gents toilets and covered dining area on the veranda;
- Additional seating in the garden, as well as a childrens play hut;
- Stairs from the restaurant lead up to a dining area seating 70 guests at tables or 100 guests theatre style area. It also has a raised stage, bar and balcony

Retail shop

- Linked to the restaurant via a covered patio is a shop currently used as a retail outlet for exclusive clothing, plus an office and changing rooms.

Office space

- Constructed in 2017;
- Situated at the back in the garden;
- Currently occupied by an architect;
- Features two offices;
- Connected to the rest of the complex via a covered veranda;

Please note:

The facts stated herein are correct to the best of our knowledge, and may be subject to change.
R 4,600,000
 

To book a viewing or to find out more about this property contact:

Kate Campbell
Office, Sales and Marketing Manager
Email: info@zestpropertygroup.co.za
Office: 013 254 0219 / 013 254 0376 9am-5pm (2pm on Sundays/Holidays)

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