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Commercial Property For Sale In Merebank
R 3,950,000
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1 month ago43 views
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General Details
Location:
Size (sqm):624
Description
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
Rates And Taxes: 12000
Property Reference #: 4026956
Agent Details:
Tramaine Naidoo
Polokwane
Chas Everitt
225 Kenyon Howden Road
Montclair
4004
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
Rates And Taxes: 12000
Property Reference #: 4026956
Agent Details:
Tramaine Naidoo
Polokwane
Chas Everitt
225 Kenyon Howden Road
Montclair
4004
Id Subtitle 1267022736
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Estimated monthly repaymentR 42,807
Total property loan amountR 3,950,000
Total interestR 6,323,543
Total repaymentR 10,273,543
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Chas Everitt
Selling for 3+ years
Total Ads827
Active Ads827
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827Total Ads
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Contact Chas Everitt
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