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R 3 950 000

Commercial Property for Sale in Merewent

Merewent, Durban

Contact broker for street address

500 m²

Contact Broker

Tramaine Naidoo

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Commercial Property For Sale In Merebank

This Unique Commercial Building In The Heart Of Merebank Which Is A Rare Find & Is Currently Running As The Infamous "River Palace Bets". It Also Has A Seperate Kitchen & Private Bar Area & Running For 28 Years & Counting. Well Established.

The Current Total Income Including The Tote, Bar & Kitchen Area Is R32000 Per Month.

This Rental Excludes The Book Makers Section Which Will Contribute To A Higher Rental Income Once Tenanted.

There Is An Option To Purchase The Business At An Additional Cost, There Are Currently 5 Slot Machines & Approved For Another 5 Machines Which Will Contribute To Higher Profits Per Month From A Business Perspective

The Building Will Be Sold With The Current Tenants & Leases.

Don't Miss Out On A Great Opportunity In Terms Of Expanding Your Property Investment Portfolio.

Contact Agent For A Personalized Viewing

Listing number: P24-113330969, Image number: 1

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Property Overview

Listing Number

113330969

Type of Property

Commercial Property

Listing Date

16 September 2023

Lease Type

Percentage Lease

Erf Size

624 m²

Floor Size

500 m²

Rates and Taxes

R 12 000

Zoning

General Business

Facilities

Truck Access

None

Building

Building Grading

P Grade

Power Availability

Single Phase

Points of Interest

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