R 3 950 000
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500 m² Commercial space in Merewent

624 m² 500 m²

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

Property details

  • Listing number T4338092
  • Property type Commercial
  • Listing date 16 Sep 2023
  • Land size 624 m²
  • Floor size 500 m²
  • Rates and taxes R 12 000

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