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R3,950,000

R3,950,000

500m² Building For Sale in Merewent
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Commercial Property For Sale In Merebank

Web Ref. CMNT-3923
Land size 624.00 m²
Floor size 500.00 m²
Monthly Bond Repayment
R36,872.51
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 PerspectiveThe 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
Monthly Rates R12,000

Features

Zoning
Commercial
Sizes
Land Size 624 m²
Floor Size 500 m²
Listing Info
Date Listed 05-03-24
Time Listed 12:19

Disclaimer

While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.