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R20,950,000

COMMERIAL BUILDING IN CRADOCK STREET, GEORGE CENTRAL

Thriving Business Opportunity with a Residence
This flourishing George Central commercial property and business, complete with a 3-bedroom house, presents an enticing opportunity for those with entrepreneurial spirit. While the property needs a bit of tender loving care (TLC), the potential rewards are excellent. Imagine being able to immerse yourself in the day-to-day operations of a lucrative business while residing in the comfort of your own home, all on the same property.


Location and Facilities
Located in the heart of George Central, this property boasts a prime position within the town, spanning 980m2. The business primarily deals in groceries, catering to a diverse clientele that includes payday markets, hamper markets, and spaza shops.


Features and Amenities
Security is paramount, with electrical fencing, CCTV cameras, and remote-controlled gates ensuring peace of mind for both business and residential areas. The accompanying 3 bedroom house offers ample living space, spread across 456m2on a generous erf of 1071m2.


Residential Highlights
The residence includes three bedrooms, a double garage, and a storeroom, providing both comfort and practicality. The bathroom features a separate bath, washbasin, shower, and toilet, catering to the needs of a modern household.


Expansion Opportunities
In addition to its current operations, there is untapped potential for expansion. Plans are underway to obtain business rights for the second property, further enhancing its commercial prospects. The sale includes all necessary equipment, as well as potential income from an ATM.


Future Prospects
The property presents an opportunity for diversification, with plans to pursue a liquor license and potentially open a butchery. This strategic move could significantly enhance the business's profitability and market reach.


Reason for Selling
The current owners have decided to downsize, presenting a rare chance for ambitious entrepreneurs to acquire a turnkey business with substantial growth potential.


Price and Viewing
The asking price for this comprehensive package, including both the commercial cash & carry business and the residential house, is R21 million, VAT inclusive.


Don't miss out on the chance to invest in your future—call us today to schedule a viewing and explore the endless possibilities this property has to offer.

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Land Size
1,071m²
Extras
Near Shops • Good reachable traffic • Near Schools • On Busy Road • Near Bus • Near Public Transportation • City Center
 
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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%
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GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

297,551.72

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