This property is on the on the busy commercial stretch of Main Road Doonside, with plenty of parking. It is naturally organized as two stores adjacent to each other with customer parking directly in front, in a mixed residential and commercial sectional title scheme.
Both stores have had reliable tenants for some time. The current PC Repair shop occupies both shops - having taken the opportunity to expand when the curry shop closed.
Other retail, service and convenience businesses within 100 meters generate a great deal of passing traffic. There are convenience stores, a mini supermarket, pet store, bottle store, appliance store, barber and several other small retail, self care and office based businesses.
It is a great location for small businesses serving the local and pass through communities. Tenants will always be easy to find.
Income from the two rentals is currently R15 500 / month (Or R155 / sq m) with the landlord paying Levies, rates and utilities averaging R7 500 / month. For a nett of R8 000 / mo. This is a great return on the asking price.
Levy R3827
Rates R 2236
Water and electricity average about R 1 500 / month
Nett: R8 000 / month average
NOTE that this Seller is a VAT registered business so VAT is payable instead of transfer duty.
(Unless zero rating is possible bsed on the Purchaser''s VAT status)
Call Greg for details or to view.
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