Posted on August 30, 2021
Price : R 3 345 000
Listing Type : Commercial Property
Location : Uitenhage
Size : 1 724 m2
Ref no. : 2771

Ideally located commercial property in Kariega (Uitenhage); with a business as a running concern included in the deal.

If you are an astute entrepreneur and would like to retire in 5 years, then this transaction is for you.

The property is situated on an erf of 1 724m² and consists of:

  1. Main building where the existing business is being operated from.
  2. Portion of main building rented by pawn shop rented out for R 7 029 p.m.
  3. Double-storey four-bedroom flat with 1½ bathrooms, kitchen, living room with fireplace, separate recreational area and a bar being rented for R 6 000 p.m.
  4. Two-bedroom flat with 1 bathroom, kitchen and living area with a single outside garage rented for R5 600 p.m.
  5. One-bedroom flat with 1 bathroom, kitchen and living area rented for R3 250 p.m.
  6. Five outdoor garages being rented out for storage at R600 p.m.
  7. Ample parking spaces available on the premises for tenants

These rentals should be sufficient to pay off your bond on the property.

Business as running concern:

The business consists of a very profitable lawn mower service centre with various contracts (business, schools, colleges, hospitals, factories, etc.). There are a variety assets and stock available and included in the selling price. The accurate monetary values will be determined and agreed to when the due diligence is completed. There are also fully qualified staff available that have been with the business for many years. There is ample parking space for customers on the premises. The seller is prepared to do a formal handing over of the business to the new owner. No financial information will be made available unless a buyer has successfully been pre-qualified and a Non-Disclosure Agreement has been signed.

For the deal of a century, please contact Jaydene Harris urgently.

Commercial & Residential
Jaydene Harris – Agent Nelson Mandela Bay