Seafood & Steak Restaurant For Sale

R4,000,000.00

Hillcrest, Highway Areas, Kwazulu Natal

Property Information

CODE : PP4089
Asking Price : R4,000,000.00
Ownership : Freehold


Description

Monthly Net Profit: R140,000

Rent: R60,000 per month
Escalation: 8% per annum
Lease Details: 4 Years Plus 5 Year Option To Renew
Store Size: 358m²
Seating: 155
Trading Hours: Sunday to Thursday: 12h00 – 21h00; Friday & Saturday: 12h00 – 21h30
Monthly Turnover: R620,000 per month

This is a superb business that has been operating in the Highway Area for 7 years. Ideal opportunity for a quality operator. Recently revamped.

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Contact the Agent

Billy Constantinou » +27 83 250 2013
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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