Retail

Durban, KwaZulu-Natal - South Africa

 
Available: 1 yr, 1 m ago
Contact: Ricardo Goncalves

Account Name: Kim Goncalves
User Since: 22/10/15
Ads Published: 1
Ads Active: 1
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Description

Sectional title tenanted unit in the heart of the New Umhlanga Town Centre, just a stone’s throw from the Gateway Theatre of Shopping.

Tenanted Ground Floor Retail Unit – Pub & Curries
 Sale Price:  R1 460 000.00 + VAT

 Size: 73m2 (including loft)
Parking Bays: 2 + roadside parking
Zoning: Commercial - Office and Retail

Features: Large partitioned kitchen, Toilet & Sink, 24/7 surveillance, day time security guards. Roof top common swimming pool and entertainment area.
 
Current Tenant: Pub & Curries
Rental: R8600.00 + VAT per month (Utilities Extra)
Lease Expires: 2016-04-30

Rates: R1 833.65
Levy: R1 346.00
(Elec & Water metered separately)
 
Sale Price:  R1 460 000.00 + VAT
VAT & Duties:  No transfer duty applicable as seller is VAT registered. Since property is tenanted, if purchaser is also VAT registered, sale can be treated as a going concern and zero rated for VAT. Above price will be NETT and free of VAT and transfer duty.

If purchaser is not VAT registered, 14% VAT shall be added onto the above price.
 
This unit has never been vacant since inception; Pub’s 5 year lease is due for an increase in May 2016. Sought after unit due to liquor licenses being hard to come by in the area. Pubs are most reliable tenants, as cannot afford to be blacklisted due to fact that Liquor license can only be renewed annually if holder has a clean record.
Ricardo Goncalves 083 230 2867 (watsapp welcome)
ricardo@solidinvestments.co.za


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