265 m² Commercial space in Magaliesburg

R 2 150 000

David Lawry

Keller Williams-Advance

265 m² Commercial space in Magaliesburg

R 2 150 000

Can I afford this?
Floor Area 265 m²
Land Area 2466 m²
Rates R 1000

Located adjacent to the busy main thoroughfare of Magaliesburg is this 265 square meter franchise zone consisting of three shops with an outdoor dining area. There are 60 month contracts for each of the franchises, escalating at 8% per annum. The net rental is R13500, providing a current ROI of 7.5%. The building has been well maintained and is in good condition, it is built on 2200 square meter stand.

Or you could go the whole hog and also buy the three brand new franchises which are busy being installed for an additional R1 750 000.00. The franchises are a Maxis Diner, Liquor City and Biltong Paradise. Purchase of the franchises would be subject to approval by the franchisor and a joining fee of R160 000 would be payable upon acceptance.

There is a servitude on the property where the main road, Rustenburg road runs through the property.

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Experience Krugersdorp

Krugersdorp is a town with a lot of history, culture and landscapes. The locals are the kind of neighbours you can still borrow a cup of sugar from, in this close community. Due to its rich history, Krugersdorp has many historical buildings, museums and well built homes. It's a family-friendly neighbourhood, conveniently located near highways to Johannesburg CBD and other business districts.

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265 m² Commercial space in Magaliesburg

R 2 150 000

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