3 Storey - Multi-Tenant - Commercial Property

Prime Commercial Property in Kariega

Property Overview:

An exceptional three-storey commercial property situated in the bustling area of Kariega. Boasting ample space and versatile usage, this property offers a unique opportunity for investors and businesses alike. With three-phase electrical power and multiple tenant agreements in place, this property is primed for continued success.

Property Details:

Ground Floor (Floor 1):

• Restaurant with cold room, kitchen, wash-up area, and separate goods area
• Casino and Bar area
• Office + Store Room
• Toilets + Garbage Room
• Additional Store Room

First Floor (Floor 2):

• 17 Bedrooms, each with en-suite bathroom (basin, toilet, and shower)
• 2 Separate Visitors' Toilets

Second Floor (Floor 3):

• Reception Area
• Games Room
• Bar
• Laundry Room
• 11 Bedrooms with en-suite bathrooms (basin, toilet, and shower)
• Staff Canteen
• 2 Separate Visitors' Toilets

Rental Agreements:

1. Ground Floor Casino and Bar – Lease expires 31 December 2029
2. Ground Floor Restaurant – Lease expires 1 February 2026
3. Floors 2 and 3 (Bed & Breakfast) – Lease expires 28 February 2027

Auction Details:

• Auction Date: 8 April 2025
• Auction Time: 11:00 AM
• Auction Venue: On-site

Viewing Details:

• Date: 7 April 2025
• Time: 10:00 AM - 12:00 PM

This property presents a fantastic investment opportunity with established rental income and significant potential for future growth. Don’t miss the chance to secure this prime commercial property.

For further information or to arrange a private viewing, please contact us today.