Established commercial building for sale in a coastal town in the Overberg area.

Established commercial building for sale in a coastal town in the Overberg area.

Introduction;

• A unique opportunity arose to own a commercial building with accommodation on the first floor in a pristine coastal town.
• This building has 3 shops downstairs facing the main road, and 2 one bedroom flats upstairs and another office at the back with 2 rooms.
• Ample toilet facilities are available downstairs for shop owners and visitors.
• This building was designed so that ample parking is available in front of the building.
• There is a dire shortage of shop and accommodation space in the town so an owner will not have a problem renting out all the facilities.
• This building has in total 320 square meters and is functionally designed to have easy access to all the facilities- the erf is 494 square meters in extent with possibilities to extend the existing building further.
• This property is situated in the CBD of the coastal town, surrounded by restaurants and shops.
• The development in the CBD is also moving to adjacent empty stands surrounding this building which will be to the advantage of the owner of the building.
• The property is very well maintained and thus no need for alterations or renovations.
• The value of this building will definitely escalate annually as there are no more buildings of this nature (commercial and accommodation), available in the town.

Financials:

• Financials regarding rental income, rates and taxes etc are available to an interested purchaser

Selling price:

• R 4,79 million