Commercial properties in Hout Bay are scarce and seldom come on to the market. Whether you’re wanting to run your own business or purchase this unique property as an investment, this is an opportunity not to be missed.
Run as a successful restaurant for over 10 years, this property offers unlimited permutations and opportunities offering any investor a healthy return on investment.
• Long standing tenant • Lease 1: R19 847-68 p.m. expires 31st October 2020. Escalation 8% per annum • Lease 2: R9 839-81 p.m. expires 31st December 2021. Escalation 5% per annum
• Plenty of parking and storage space • Large Tandem garaging and separate outbuilding for storage • 2500 Litres – Back up water supply via pump