Lido Night Club For Sale

R2,200,000.00

Durban CBD, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4228
Asking Price : R2,200,000.00
Ownership : Freehold


Description

Monthly Net Profit: R100,000

Rent: R34,000 per month
Escalation: 8% per annum
Lease Details: 5 Years Plus 5 Year Option To Renew
Store Size: 900m²
Seating: ±300
Trading Hours: Monday to Sunday: 20h00 – 05h00
Monthly Turnover: R400,000 per month Plus R100,000 Door Money

Non – Franchised. This night club is an institution in the Durban CBD precinct. It is highly profitable and it also has pool tables and gaming machines.

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Contact the Agent

Billy Constantinou » +27 83 250 2013
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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