457 m² Retail To Rent in Durbanville Central

Don't miss out on this fantastic opportunity to establish your restaurant in a prime location in Durbanville Central!
The Village Square is offering this prime 457.69m2 @ R 132 730.10 pm ex VAT restaurant space for lease. Flexible layout to suit a variety of restaurant concepts. Large open plan dining area with high ceilings. Kitchen with extraction system and grease trap. Bar area and seating options available. Plenty of parking available for customers. Close proximity to residential areas and schools, ideal for lunch and dinner trade. The establishment offers an outdoor patio, booth seating upon entry, and elevated seating at the bar. With strong, established anchor tenants, diverse dining options, and bustling retail locations, setting up your restaurant here is sure to be a successful move.

Additional charges:

Rates and Taxes = R 10 696.52 excl.VAT
Turnover % = 7%
Escalation = 8%
Parking (if applicable) = Unreserved LB per bay: R795.00
Lease fees = Less than 5 years: R3 006.13 excl VAT and/or longer than 5 years: R2 255.79 excl VAT
Deposit = 2x months of final year of rental, parking and incl VAT - subject to credit vetting results and signing of surety. Higher deposit if no surety.
Municipal Charges & Common Area Electricity = Elec, water, refuse, sewerage, gas + common area and any ancillary charges, central grease cleaning & maintenance services
Other Charges by Tenant Diesel = Ad-hoc pro-rate % of cost for generate (load shedding). Pro-rata toward centralised grease trap cleaning and maintenance. To include meter reading fees
NB : Should the tenant commence trading before the specified trading date, the LL shall bill rental charges pro-rata.
Tenant to provide signage and floor layout to LL for approval. Application of same with City of CT is at the tenant's cost.
Permits will be needed for any installation work to commence.

NG Property Brokers are specialists in selling and leasing of Industrial and Commercial real estate. We are based in the Northern Suburbs of Cape Town, South Africa where our main focus lies.