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Well Established Storage Business – Port Alfred

R3,400,000Eastern Cape (EC)Listing: #14779

About this business for sale

Well Established Storage Business – Port Alfred

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.

For more information on this great opportunity, please contact the Listing Broker –
Neville Loader (071 327 5916)

East London
Mobile Only
+27 71 327 5916

Neville Loader

*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.