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R 28 500 000

Commercial Property for Sale in Farrarmere

Farrarmere, Benoni
  • Floor Size 1 196 m²
3- Business and Commercial zoned Shopping centre for sale in Farrarmere. – Mercury Street.
Situated on a very busy street, this is an investment of a lifetime. The centre accommodates 9 tenants, mostly on annual leases and generates an excess of R200k pm in rental income. Slot machine revenue generates in the region of R100k pm, which profits are shared by both parties. Electricity separately charged /low voltage. 350 KVA Generator (cost pm split between the tenants). Rates and Taxes are also split between the tenants. There are 3-4 options available to potential investors/buyers. 1)Mandatory option 1 : (R7.0m) The seller is prepared to sell the fully licenced bar (Tenant 1) serving all types of beverages, ranging from soft drinks, beer, wines, spirits, cocktails, etc, etc. – (Monthly rental R58000). This business is a separate registered legal entity and cannot be acquired without the fully licenced and equipped food court (Tenant 2) which supplies the Read more
Type of Property
Commercial Property
Description
Retail
Listing Date
08 November 2019
Erf Size
3 478 m²
Floor Size
1196 m²
Rates and Taxes
R 30 000
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