Dullstroom Property Agent +27 (0)13 254 0219 info@zestpropertygroup.co.za

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Commercial Retail Complex

Mar 11, 2019

Price:

R4,295,000

Area:

Dullstroom

Reference:

ZB35

Land Size:

1983sqm

House Size:

Reduced Price.
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.

No. of Bedrooms:

No. of Baths:

Carport:

Pool:

No

EXTRAS:

-Sale includes all the fitted kitchen equipment currently utilized by the restaurant (subject to an inventory);
-Current rental income of R 18 000 pm from the restaurant and R 5000 pm from the architect`s 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%, potentially 8% (with rental income from the boutique)

PROPERTY LEVY: R

PROPERTY RATES: R6,700

Book or view listing today!

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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