Ref. No - BFS11057
South Africa, Western CapeRef. No - BFS11057
Sector - Property
Summary
Located in the heart of Montagu, this 2059m² commercial property for sale is a fantastic investment, offering both commercial and residential rental income.
With 5 shops and 7 flats, all fully tenanted under longstanding contracts, this property ensures a steady and reliable source of monthly income. It is sold as a going concern, making it an immediate revenue generator.
COMMERCIAL UNITS:
The five shops are well-positioned in a high-traffic area, with strong tenant relationships. The building is solidly constructed and includes extra features like a mezzanine level.
RESIDENTIAL FLATS:
The flats range in size from 25 m² to 85 m² and offer a mix of one-bedroom and two-bedroom options. All flats come with pre-paid electricity meters, while the shops have separate electrical meters.
The property generates an annual net income of R982,140 after insurance, rates and taxes have been paid.
This Closed Corporation is VAT-registered, providing potential tax benefits for the buyer. It also offers ample parking, ensuring convenience for both tenants and shop customers.
Plans, financial documents, and tenant contracts will be provided to serious buyers. This is a prime opportunity to invest in Montagu’s growing rental market, with consistent income already secured.
Contact us today for more details or to schedule a viewing.
The selling price excludes VAT.
Give me more informationNo more information to display. Please make an enquiry to get more information.
Access to the number one business broking tool to get your business sold.
We've got you covered!
We offer an innovative and intuitive
solution for selling your business, franchise and premises
Promote
your business for sale
Reach
the right audience
Gain
more exposure
More businesses you may like
More similar, inspiring businesses for sale
Knowledge Bank
Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business
Buyers
What Are The Advantages Of Buying An Existing Business
What Are The Advantages Of Buying An Existing Business
10 Questions To Ask When Buying A Business
10 Questions To Ask When Buying A Business
The Transformative Power of Business Coaching: Unleashing Success and Growth
In today's competitive business landscape, entrepreneurs and professionals are constantly seeking ne
Sellers
Unlocking Opportunities: Selling Kindergarten, Pre-School and Early Childhood Development Centre Franchises Online with Business for Sale
We're excited to announce our latest endeavour aimed at fostering growth and expansion in the early
Empowering Franchisors: A Refined Approach for Exponential Sales Growth
Empowering Franchisors: A Refined Approach for Exponential Sales Growth
6 Steps To Selling A Small Business In South Africa.
6 Steps To Selling A Small Business In South Africa.