Angelo's For Sale
R2,500,000.00
Umhlanga, Durban Metropolis, Kwazulu Natal
Property Information
| CODE : | PP4570 |
| Asking Price : | R2,500,000.00 |
| Ownership : | Freehold |
Description
Monthly Net Profit: R100,000
Rent: R34,000 per month
Escalation: 8% per annum
Lease Details: September 2018 Plus 5 Year Option To Renew
Store Size: 300m²
Seating: ±130
Trading Hours: Sunday to Friday: 12h00 – 14h30; 18h15 – 21h00; Saturday: 18h15 – 21h00
Monthly Turnover: R480,000 per month
Non – Franchised. Tucked away in Umhlanga Rocks this Italian restaurant is a great find - great atmosphere, helpful staff and most importantly wonderful and tasty food from a well-balanced menu that includes a range of pizzas, pastas, fish and superb starters, providing very good value for money. This is probably the oldest restaurant in the Umhlanga Village. It is a great opportunity for a new family operator.
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Contact the Agent
Billy Constantinou » ++27 83 250 2013
[email protected]
Your Information
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.
