Marina Beach Hub

R 4,500,000

Can I afford this?
1 year ago200 views
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Description
Looking for a commercial property with the potential for multiple revenue streams? Look no further than this well-maintained building with main road exposure, located in the tranquil setting of Marina Beach.

This sectional title building currently rents out a venue for parties, with a big deck overlooking the pool and play areas for children, making it an ideal location for events. The property has tenants in place a hardware store, a coffee shop, and an educational toy store, providing immediate rental income for the new owner. (Or at the right price theses businesses can be sold with the property)

With ample storage space, access to a pool and changing rooms for customers, and an entertainment area, this commercial property offers a range of possibilities for creating income streams. The idea of a peaceful setting to sit and have a coffee in the morning, along with the leafy green lane of trees, also adds to the appeal of the property.

Conveniently located with easy access to highways and only 15 minutes away from Margate, this commercial property is perfect for tenants and customers alike. And with the advertised price including VAT and no transfer duty applicable, it's an investment opportunity not to be missed. Don't wait, contact us today to schedule a viewing.

Property Reference #: CL86

Agent Details:
Gert Van Zyl
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal

Id Subtitle 1196067163
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Estimated monthly repaymentR 48,767
Total property loan amountR 4,500,000
Total interestR 7,204,037
Total repaymentR 11,704,037
Interest rate at 11.75% for 20 years *
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