624m² Business Centre For Sale in Merewent
Commercial Property in Merebank
The infamous River Palace Bets
Situated in a prime location, this well-known commercial property has been operating successfully for over 30 years under the same ownership. The property enjoys a strong reputation within the community and offers multiple income-generating opportunities.
The premises include a tote office, bar, and kitchen, currently generating a rental income of approximately R34,000 per month. In addition, there is a dedicated bookmaker's section that offers further rental potential once tenanted, providing an opportunity to increase overall returns.
The business itself may be purchased separately at an additional cost.
Additional features include:
5 operational slot machines
Approval in place for an additional 5 slot machines, creating significant potential for increased revenue
Existing tenant and lease agreements included in the sale
Long-established presence and strong recognition within the area
Excellent investment potential with multiple income streams
This is a rare opportunity to acquire a well-established commercial property with proven earning capacity and future growth potential.
Viewings are strictly by appointment only.
The infamous River Palace Bets
Situated in a prime location, this well-known commercial property has been operating successfully for over 30 years under the same ownership. The property enjoys a strong reputation within the community and offers multiple income-generating opportunities.
The premises include a tote office, bar, and kitchen, currently generating a rental income of approximately R34,000 per month. In addition, there is a dedicated bookmaker's section that offers further rental potential once tenanted, providing an opportunity to increase overall returns.
The business itself may be purchased separately at an additional cost.
Additional features include:
5 operational slot machines
Approval in place for an additional 5 slot machines, creating significant potential for increased revenue
Existing tenant and lease agreements included in the sale
Long-established presence and strong recognition within the area
Excellent investment potential with multiple income streams
This is a rare opportunity to acquire a well-established commercial property with proven earning capacity and future growth potential.
Viewings are strictly by appointment only.
Monthly Rates
R12,942
Features
Zoning
Sizes
Disclaimer
While every effort will be made to ensure that the information contained within the Wakefields website is accurate and up to date, Wakefields 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.
