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Margate, KwaZulu Natal, KwaZulu Natal

Commercial Property

• 1 bathrooms
• 1,988 sqm

SOLE MANDATE This prime investment retail property is in the heartbeat of the Lower South Coast Margate CBD on the main road. This property is ideal for investors seeking a secure income with long term tenants and an excellent return on investment. The property is currently tenanted by a Franchise Tenant and three long term tenants with one section vacant subdivided into two sections. Each section are managed individually with electricity and water meters. La Mer 1 Size: 283sqm * Levies: None * Potential income: R25 000+ monthly excl utilities * Rates: R3509.05 This use to be a franchise restaurant and the layout is still ready for a new restaurant tenant to just move in and start operating after shopfitting. Currently the shop is divided into two sections. The first section is an open square shop of 110sqm with male and female toilet facilities. The second section, 130sqm, offers outside seating, inside seating, front kitchen and a prep kitchen in the back with a freezer and cold room. The bottom section offers a dry goods storeroom, office and unisex toilet facility with a loading bay entrance from the back. La Mer 2 Size: 1382sqm * Levies: None * Potential income: R200 000+ mon…