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Modern 900 Units Storage Facility In Western Cape For Sale

Western Cape, South Africa
Asking Price:
R89,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R12,000,000
Cash Flow:
R10,855,000

CONFIDENTIAL SALE. ONLY SERIOUS BUYERS WITH THE AVAILABLE FINANCIAL MEANS WILL BE CONSIDERED FOR THIS OPPORTUNITY.

This modern storage facility of >10,000 m2 in size houses some 900 storage units of various sizes and types.

The relatively new building is in excellent condition and based in the Western Cape in an up-market, safe area with easy access to major routes.

Services that are offered include:

• Self-Storage
• Document Storage
• Vehicle Parking
• Collection & Delivery

The storage building has its security fence with top-of-the-line surveillance cameras, 24-hour onsite security, and armed response with access limited to clients only;

This is a profitable and sustainable investment opportunity with excellent business systems in place and has a 160 kW backup generator;
Current occupation levels stand at 93%

The seller is prepared to stay on for a handover period if required;

The Asking Price renders a Market-related Return on Investment

Property Information

Real Estate:

Real Property Included

Location:

Western Cape

Premises Details:

10,000 m2 of storage space

Size in square feet:
68,000
Planning Consent:

Everything is in place

Business Operation

Expansion Potential:

There is a huge demand for storage space and once access has been gained to the industry it could easily be expanded into other areas

Competition / Market:

Yes like any industry

Reasons for selling:

Confidential will be shared with serious buyers

Trading hours:

08h00 to 17h00 but manned with security 24 hours / day for self storage customers

Employees:
7
Years established:
8

Other Information

Support & training:

Little support is needed but owner will stay on to assist with transfer of knowledge to run the operation

Financing available:

Real Estate form part of the deal and part finance should be possible

Inventory / Stock value:
R1,000,000 - included in the asking price
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