500 m² Commercial space in Merewent
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