500 m² Commercial space in Margate

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.

Contact me today for more information.