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R5,500,000

Monthly Rates
R1,550 Excl. VAT

Prime Investment Opportunity: Well-Established Restaurant with Full Liquor License & Business Rights

Seize this exceptional opportunity to own a prime commercial property in the heart of George, a bustling hub of the Garden Route. This well-established restaurant, priced at just R5.5 million, comes with full business rights, making it a versatile space for various ventures beyond dining. Located on a prominent corner near George's main roads, this property is easily accessible and enjoys close proximity to local schools and businesses, ensuring a steady flow of foot traffic.
The restaurant is fully licensed to serve liquor, adding to its appeal, and features private parking, a rare and valuable asset in this busy area. With a solid customer base, the restaurant is ready for seamless transition to new ownership, or it can be repurposed for another business, capitalizing on its strategic location.
The property also features solar panels and an inverter system.
Prospective buyers can review the business's financials upon signing a non-disclosure agreement, ensuring complete transparency in this investment. Don’t miss out on this unique chance to acquire a versatile commercial property in one of George's most sought-after locations.

Features

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Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
260m²
Land Size
900m²
Extras
24 Hour Access • 24 Hour Response • Alarm System • Bar Counter • Breakfast Nook • Built In Bar • Built In Braai • Carport • Courtyard • Covered Patio • Deck • Extractor Fan • Entrance Hall • Eye Level Oven • Fireplace • Garden • Fibre • Grill • Guest Toilet • Irrigation System • Near Bus Service • Office

George Central, George

George is the sixth oldest town in South Africa, situated in the beautiful Western Cape Province and is the Capital of the Southern Cape. The town is very centrally situated: halfway between Cape Town and Port Elizabeth and centre of the Garden Route - ideal from where to explore the areas many variant and diverse scenic wonders. Situated on a 10 kilometre plateau between the majestic Outeniqua Mountain to the north...
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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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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

77,327.49

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