Large Commercial property for sale in Oudtshoorn North

R 8,490,000

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1 year ago196 views
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General Details
Location:
Description
This large commercial property strategically located on the Golden mile en-route to the Cango Caves. This is one of Oudtshoorn's landmark buildings.
Sections of the building are currently utilized as a restaurant and bar, overnight accommodation facility, entertainment area and various retails shops - ample indoor & outdoor space.
There are:
9 retails shops/space
1 Bar with large entertainment area - indoor and outdoor
1 Restaurant with large indoor and outdoor entertainment area and seating 1 Accommodation/Backpackers facility
Large storage area on the second-floor whish can also be converted into retail shops or offices
In total 16 toilets, 14 kitchen/kitchenettes, on-street and off-street parking

This double storey building is tenanted with an excellent annual return with endless opportunities making this an excellent investment.
Long term leases are in place.

VAT is applicable on this transaction and not included in the price.

Property Reference #: RNC165

Agent Details:
Marinda Cronje
RealNet Properties
Boardwalk Office Park, Eros Street, Faerie Glen
Block 12, Ground Floor

Id Subtitle 1157586055
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Estimated monthly repaymentR 92,007
Total property loan amountR 8,490,000
Total interestR 13,591,616
Total repaymentR 22,081,616
Interest rate at 11.75% for 20 years *
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