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GALLERY

R3,950,000

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Monthly Rates
R12,000 Excl. VAT

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

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
500m²
Land Size
624m²

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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group 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.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses
%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS
 

LOAN AVAILABLE
R
%

Monthly Payment

R 

55,535.20

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