For the discerning investor! A prime commercial property in the middle of the business hub of the ever so popular country town of Montagu, situated on the R62 Wine Route in the Western Cape of South Africa.

The long-term renters are very loyal and reliable, pay the rent on time, very few challenges. The Seller will provide the necessary consultancy and detailed information to assist the new Purchaser in taking over seamlessly. Being a going concern, the Seller will provide a full due diligence before take-over.

This promising business opportunity brings in an average of R1 million rental income per year and comprises of:

Groundfloor:
Five well-established retail shops, a mezzanine and cold-room (the cold-room is in need of attention)

The ground level consists of five shops with a liquor store, a takeaway/superette food shop, a general store selling clothes, furniture and offering cash loans, and a community centre.

Second Floor:
Seven residential apartments with either one or two bedrooms ranging, from 25 Sqm to
85 Sqm on the upper level.

There are a number of opportunities to be unlocked here.

Excluding VAT @ 0%, Sold as a Going Concern. Read more...