Olive & Oil In Pietermaritzburg For Sale
R5,400,000.00
Pietermaritzburg, Midlands, Kwazulu Natal
Property Information
| CODE : | PP6208 |
| Asking Price : | R5,400,000.00 |
| Ownership : | Freehold |
Description
Net Profit: R150,000 per month
Rent: R81,000 per month
Lease Details: 3½ Years Plus 5 Year Option To Renew
Store Size: 380m²
Seating: 120 – Inside; 50 - Outside
Trading Hours: Monday – Thursday: 12h00 – 15h00; 17h30 - 21h30; Friday 12h00 – 15h00; 17h30 - 22h00; Saturday: 12h00 – 21h30; Sunday: 12h00 – 20h00
Royalties: 5% per month
Advertising/Marketing Fees: 2% per month
Trading since 2012 and strategically positioned in the Cascades Mall, this intrinsically Mediterranean-inspired venue has a well established reputation. Olive & Oil boasts of delicious food, great service and an ambiance that lends itself to casual dining or special occasions. The pivotal philosophy behind each Olive & Oil restaurant is that of serving comfortable food made exceptionally well by nice, people. The ethos that underpins it is that of food, fun and family. Whilst the market Is faced with fast food or fast-casual affairs for families, the niche cornered by Olive & Oil is that of a full table service family restaurant, where food can be enjoyed at leisure and the whole family is welcome.
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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.
