Upmarket Nightclub bar and restaurant for sale

Upmarket Nightclub bar and restaurant for sale
Trendy 400m2 upmarket nightclub bar & restaurant venue for sale in CBD for R1.150million.
Presently operating as a successful corporate event venue; it has 4 years left on the current lease (with option to renew) at R41 580.00 excl VAT p/m with an annual escalation of 8%.
The restaurant is fully licensed until 2am, with an entertainment license consent granted for night club until 4am.
The venue has a fully equipped bar, Kitchen & cold room, DJ booth, JBL sound and luxury furnishings.
A large balcony deck shows off views of Table Mountain. (R2.8m spent on upgrade 2016.)
Ample safe parking for staff and patrons, well positioned in the CBD, Cape Town’snew trendy entertainment area.
Owners selling due to other business interests.
Viewing by appointment:
Contact:
Quagga Property Brokers on 021-7128825
Broker: Stephen Leith on 076 212 3679
stephenl@quaggapropertybrokers.co.za