Well maintained commercial/residential property in a coastal town with full sea views.

Well maintained commercial/residential property in a coastal town with full sea views.

Introduction:

• This commercial/residential property is situated in one of the fastest growing towns in the Western Cape and has been well maintained and forms part of other commercial buildings and shopping centres.
• It is a double storey building with offices/commercial businesses on the ground floor and residential uses on the first floor.
• The erf is 541 square meters in extent and the building is 450 square meters in total, thus 250 square meters on the ground floor and the same on the first floor.
• The erf is zoned for commercial and residential purposes and adjacent to the main road in the town and thus very visible to visitors to the town.

Financials:

• The rates/taxes on the property is at present R1131,72 per month.
• The tenants are all stable tenants with long term rental agreements.
• The total rental income is R 17,000 per month.
• The owner is VAT registered so any buyer also needs to be VAT registered.