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R5,300,000

56 BARON VAN REEDE Street

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Monthly Rates
R21,149 Excl. VAT

Golden Mile Gem: Prime Commercial Property (Multi Tenanted) in the Heart of Oudtshoorn

Golden Mile Gem: Prime Commercial Property in Oudtshoorn North

Please take note! The seller is a VAT vendor. VAT is not included in the selling price.

Discover an exceptional opportunity with this expansive commercial property strategically positioned on Oudtshoorn's prestigious Golden Mile, offering a gateway to the renowned Cango Caves. As one of Oudtshoorn's iconic landmarks, this property exudes potential and promise.

Currently, the property serves as a versatile hub hosting a vibrant mix of businesses, including a restaurant, bar, accommodation facility, entertainment area, and various retail outlets. Its dynamic layout boasts both indoor and outdoor spaces, catering to diverse needs and preferences.

The property features:

· 9 Retail shops/spaces

· 1 Bar with a generous entertainment area

· 1 Restaurant boasting spacious indoor and outdoor seating, perfect for gatherings and events

· 1 Overnight accommodation facility catering to travelers and backpackers

· Expansive storage area on the second floor, ripe for conversion into additional retail space or offices

The property ensures convenience and functionality for tenants and patrons alike. Ample on-street and off-street parking further enhances accessibility and customer satisfaction.

Currently, the property enjoys stable tenancy with long-term leases in place, promising a lucrative annual return on investment. Additionally, VAT is applicable to this transaction, offering potential tax benefits for the investors.

Don't miss this rare chance to own a piece of Oudtshoorn's vibrant commercial landscape. Seize the opportunity to capitalize on this prime location and thriving business ecosystem. Contact us today to make this Golden Mile gem your next strategic investment.
Income approximately R82 489.00 per month (VAT inclusive)

Please take note! The seller is a VAT vendor. VAT is not included in the selling price.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,993m²
Land Size
1,979m²

Oudtshoorn Central, Oudtshoorn

Oudtshoorn is a peaceful country town nestled away in the stunning Western Cape province, and attracts tourists and visitors through its various outdoor and nature activities. From the world famous “Cango Caves” to the fun family-oriented “Meerkat Adventures”, Oudtshoorn is the perfect place for a family holiday, or indeed the simplest form of leisure.   Due to the naturally...
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In the news

From feather palaces to fortified wine, Oudtshoorn has it all
Known as the "ostrich capital of the world", the Klein Karoo town of Oudtshoorn is also famous for tourist attractions like the ornate sandstone "feather palaces" that grace its streets, the magnificent Cango Caves and the annual...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Joint Total Expenses
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MONTHLY REPAYMENTS

 

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Monthly Payment

74,515.59

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