R11,500,000
Great Investment Property
Fantastic opportunity to own a commercial centre with a high ROI in a busy hub of Franschhoek. The property is centrally situated in a prominent position at the gateway to the Groendal and Le Roux communities and is home to the only large supermarket in the area. The centre is fully tenanted and is making a gross income of around R1.2-million a year.
The main building, measuring 949m2, comprises: [a] a large supermarket retail space, with separate bakery, deli and butchery, 3 positive and 1 negative cold rooms, large storage space, offices and staff WCs; [b] 5 smaller retail shop spaces; and [c] 4 bachelor apartments. All the units are fully tenanted with some long term leases in place.
