Repossessed Wedding Venue for Sale
About this business for saleRepossessed Wedding Venue for Sale
This is one of those rare investment opportunities.
Just to replace the building itself of 696 square meters on the 2002 square meters plot will be threefold, to that of the asking price. Then there is an additional plot measuring 820 square meters included with the asking price which is currently used for parking.
There is an additional plot available, measuring 961 square meters not included with the asking price, but can be bought for an additional R200,000.
The inventory with items like draping, tables, chairs etc. can also be purchased for an additional R 150,000.00 to cater for 100+ people.
The wedding venue is located 20 minutes drive out of Port Elizabeth.
If you are that creative person with innovative idea's, then this is just the investment opportunity for you. The property can also be converted into a Backpackers or even a B&B.
The asking price of R 945,000.00 will exclude VAT.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.
For more information, kindly contact the listing Broker.
+27 82 790 5710
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.