Night Club In Durban For Sale

R800,000.00

Durban CBD, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4655
Asking Price : R800,000.00
Ownership : Freehold


Description

Monthly Net Profit: R80,000

Rent: R28,000 per month
Escalation: 10% per annum
Lease Details: 3 Years Plus 3 Year Option To Renew
Store Size: 750m²
Seating: 150
Trading Hours: Fridays: 20h00 – 05h00
Monthly Turnover: R400,00 per month Plus R100,000 Door Entrance Money
Financials Available: On Request From The Seller

Non – Franchised. This club offers a solace after dark for the people of the night who enjoy winding it down to hypnotic tunes and an infectious vibe on the East Coast. The new venue hosts state of the art decor and sound capabilities. A revamp of the club will be done soon.

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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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