Well Established Storage Business – Port Alfred

Eastern Cape

R 3 400 000

Financial Information

Detailed financials available on request

This business has been owner run for 9 years and it is strategically located in Port Alfred as a storage facility, mainly for boats and vehicles.

There is a big demand for boat storage, particularly from the owners of properties on the Royal Port Alfred Marina who are no longer allowed to store boats on their properties. The owner has a single tenant who also offers boat repairs, boat cleaning and the launching and collecting of boats. This tenant has a workshop facility in the one buildings which has a luxury office space that includes four offices, a bathroom and kitchen. There is the opportunity to keep him on as a tenant complimenting the business or to purchase his business outside of this transaction. The selling price is inclusive of three adjoining properties in a "U" shape with a tarred entrance. There is a large storage warehouse on each of two properties and the third property is used for outside storage. There is a 3 phase electricity supply as well as a comprehensive security system. The owners decision to sell creates amazing opportunities for the right buyer to acquire three commercial properties with at least one business included. The asking price is R3 400 000.

Neville Loader

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