Retail Commercial Property for sale in Dorp Street, Stellenbosch
Retail premises in the heart of the historical town of Stellenbosch - situated in Dorp Street.The premises is divided into 2 units - 1 with a lease till 2023 (renewed for the 3rd time) and the other one is up for renewal in October 2019 - the Lessee already indicated that they are interested in renewing the lease for another 5 year period.A total rental income of R61 500-00 per month and the Lessees also pay the Rates & Taxes, Levy and services.2 Parking bays are available for the Lessees.Both business' have the privilege to utilize the pavement area as seating for it's customers to enjoy the hustle and bustle of Dorp Street.The premises is well maintained by the Owner for the past 43 years.This is a very good investment and without a doubt will have a good capital growth.Please make an appointment for a viewing.
The popular town of Stellenbosch is known worldwide as the heart of South Africa's wine industry. Its famous wine route includes a whopping 106 wine cellars. Most of these wine cellars are open to the public, which residents of the town surely take advantage of. Tourists and residents also have the perks of spending an entire day in Stellenbosch doing nothing but wine-tasting.
Property in the town is hard to come...
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