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Property With Business Opportunities In Port Alfred For Sale

Port Alfred, Eastern Cape, South Africa
Asking Price:
R4,500,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

The properties are situated 7 km's from Port Alfred in the Eastern Cape. They are ideal for the operation of a function/wedding/conference and entertainment facility.

The properties include:

Conference Centre - This building is more than 600 sq mt to extend over 2 floors. It is ideal for conferences, banquets, weddings and was even operated as a Barnyard Theatre.

Restaurant - This 100 seater restaurant can be used as a restaurant and/or providing meals for conference delegates.

Reception - This building is ideal to receive guests and delegates from where they can be directed.

Accommodation - There are 4 x 3 bedroom villas that are fully equipped for self-catering, or guests can eat in the restaurant depending on their requirements. 24 delegates can be accommodated on a sharing basis. There are also other villas available and can be used to accommodate more guests.

Chapel - The quaint thatched chapel can seat 100 guests, the Resort used to average 25 weddings a year.

Furniture and equipment - The sale includes a large amount of furniture and equipment used for the business.

Water is sourced via a borehole and there is a communal sewerage water purification system and there is effective security.

The owner wants to retire which creates this amazing opportunity.

The asking price is R4,500,000 (excluding VAT)

Business Operation

Reasons for selling:

Retirement

Years established:
42 Years.

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