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Development Company For Sale

King Williams Town, Eastern Cape, South Africa
Asking Price:
R2,200,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

On offer is 100% shares in a private company which signed an agreement to purchase development land in the King Wililams Town area. The property is ideally located for the company to develop a commercial hub with a housing estate. The seller became aware of the availability of the property and managed to secure the transaction on very favourable terms. The business model is a low entry level to acquire and secure the property, with pre-sales to start after transfer is taken of the property.

The position of this property makes it an attractive proposition for a Fuel Station, Truck Stop and Motel and Retail Convenience Store. The remainder of the property has been earmarked for a mid income residential security estate. The intention is to roll this section out as the demand for housing opens up again.

Please enquire for full details about this opportunity.

Business Operation

Reasons for selling:

The seller is a retired QS and has a long and successful history of property development but he does not have the funding to develop this property. The seller has negotiated the favourable deal to purchase the property and the professional team has added value to the project. The seller now wish to hand the development to a buyer who has sufficient funding to see the project through to successful develpment.

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