Commercial Property to let in Somerset West Central

Date: 2023-06-28

TO LET HOSPITALITY UNIT – BUSINESS DISTRICT R16 400 PM (EXCL VAT).

Situated in the Fountain Square Food Court, this prime unit offers great visibility, plenty of customer parking, and the opportunity to fit out and decorate a blank canvas. The Food Court houses coffee shops, restaurants, and other tenants who attract foot traffic. This would be an ideal venue for a restaurant or bar as a Provisional Liquor License is already in place. The unit boasts a covered indoor patio as well as an outdoor seating area.
PRIMARY FEATURES
- Area: Inside + Covered Patio – 110 m²
- Outdoor Area – 30 m²
- Floor – Ready to receive floor covering of choice.
- Electricity – 3 Phase (Separate DB Board)
- Water – Metered
- Floor Plans – Available on request
- Turnover Clause Desired – 6.5% (Negotiable)
- Operational Costs – 110 m² X R35 = R3 850 pm (Excl Vat)
- Pro Rata shared rental of 4 unisex bathrooms (Includes cleaning + material costs)
- Cost of Liquor License + Cession to Tenant to be discussed with Tenant – Will be subject to Final
Inspection by SAPS.

Note: The developer is currently in negotiations with the Body Corporate to lease (and later purchase) the display unit which is linked to the property, which would be an ideal additional bar area to serve patrons from that end. A first option can be provided to rent this space should negotiations succeed. For further information and/or to arrange a viewing please contact the broker.