Commercial property in the heart of Margate. A unique opportunity awaits the purchaser of this Margate landmark.
Located in the heart of Margate, this property is an excellent investment opportunity to own a piece of prime real estate.
It offers just under 500m2 of floor space, consisting a small road side shop (currently run as a Cellphone repair and sales shop) and a large upper level restaurant, complete with bar, kitchen, restrooms and an open viewing deck.
The property is registered in a close corporation and if the business entity is purchased, high transfer duties can be avoided.
A massive selling point is the liquor licence currently registered in the name of the close corporation.
The current rental income (on a month to month basis) offer a return on investment of almost 6% per annum.
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