Aldes Lowveld Business Brokers

Summary

Want to be close to your business. A combination of living and making a living. With 4 bedroom and 3 bathroom on the upper level and 4 shops on street level. This building brings a european style of working and living to the Lowveld.

1. History Background

Fully describe this property and its income earning activities.

Retail and residential face brick building comprising of. 4 Bedrooms on the upper level with 2 en suite, 3 bathrooms , 2 lounges, big dinning room, scullery, laundry, big kitchen and balcony. Lower level comprises 4 shops at street level, tiled with toilets and sink. Shop fronts with good exposure the main road.

What is the approximate age of the buildings?

20 Years

What is the zoning of the property and what can be developed thereon?

There is open ground for more shops.

Are there building plans available?

Yes.

What is the erf size and the size of the buildings?

Buildings size is 812sqm

Is a property valuation available?

Yes.

2. Present Market

What Advertising/Marketing is carried out?

None.

Is a property valuation available?

Yes.

Is the property being let by a letting agency?

No.

Is a copy of all the lease agreements on the property available?

Yes.

3. Financial

Is the business VAT Registered?

No.

What VAT documentation is on file?

None.

Are there up-to-date Management Accounts available?

Yes.

What Balance Sheet and Income Statements are available?

All.

What is the age analysis of the debtors book?

N/A

Is Seller finance available and for what amount?

No.

How could the income of the property be increased?

To secure franchised tenants, like chicken licken, .Possibly a bottle store or laundromat.A variety to attract feet as the building has good exposure to the to passing traffic, or possibly a college.There is a piece of vacant ground on the corner of the stand that may be utilized. The building has road on both sides for easy access.

What is the monthly rates and taxes payable to local authority?

R3 400.00 Per Month

What rental deposit has been secured from the tenants?

Only 1 shop currently has a tenant and he has paid one month rental as deposit.

4. Staffing

How involved is the Owner in running the business?

Not much at all as she is elderly.

5. Premises

Do you require a licence?

a business licence

6. Assets

Is a full asset list on file?

Yes.

Are any items not included in the sale?

Owners personal furniture.

What is their overall condition?

Very good.

Do any require repairing?

No.

How have they been valued ?

By the owner.

Which assets are on lease/HP and with whom?

None

What are their settlement amounts?

No.

Will Seller settle or Buyer to take over?

NA

Are copies of agreements available?

N/A

Are they presently insured?

Yes.

7. S.W.O.T. Analysis

Strengths?

Good location, sturdy well maintained building.In high traffic flow area ,low maintenence as face brick with tiled roof and easy access with lots of parking.

Weaknesses?

Not all shops occupied, so the income is limited at this stage.

Opportunities?

To get franchise businesses to rent shops and a variety of tenants ,which will attract more feet and then the income will substantial. The prospective new owner may desire to open a supermarket in the retail space and live in the house above,Therefore being close to his business and no travel costs.

Threats?

Other buildings in town.

8. Reason For Sale

What is the reason for the sale?

The owner has passed away and now his wife wishes to sell and go and live with her family she is elderly.

9. Conclusion

Why is this property a good investment?

It is in the main road with prime location. Has been well maintained and is low maintenence as it is face brick and tiled. The shops if fully occupied can bring in a good revenue and there is added value by having accommodation on the upper level to either rent out or live in therself.

What is the asking price?

R 3 000 000.00 Million rand.