Guest House / Business Property Opportunity

AUCT-000853 | On Auction

8 Beach Crescent, Port Alfred, Eastern Cape


Please login or register for property info pack.

Guest House / Business Property Opportunity, 8 Beach Crescent, Port Alfred

Extent: ± 800 m² | Gross Annual Income: ± R1 300 000

Income generating opportunity awaits!

Purchase an existing business, 12 en-suite bedrooms with dining and swimming pool area overlooking the river and 6 guest parking bays. Centrally located in Port Alfred within 300 metres from Port Alfred Primary and High Schools, within a 1km from CBD. Very well positioned overlooking the Marina.

Port Alfred is a small town with a population of just under 26,000 in the Eastern Cape province of South Africa. It is situated on the eastern seaboard of the country at the mouth of the Kowie River, almost exactly halfway between the larger cities of Port Elizabeth and East London and 30 kilometres West of Cannon Rocks.
Port Alfred was established in the early 1820s by British settlers who were moved into the area by Lord Charles Somerset as a buffer between the Cape Colony and the Xhosa people. Originally it was two separate towns. Settlers arriving on the west bank in 1820 named their settlement Port Kowie, and those arriving on the east bank named theirs Port Frances. Later, in 1860, when Queen Victoria’s son Prince Alfred visited, the name was changed in his honor.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Hospitality
Web Reference:
AUCT-000853
List price:
POA
Address:
8 Beach Crescent, Port Alfred, Eastern Cape
Property Extent:
779 m2
Auction Venue:
Buffalo Club
1 Buffalo Park Drive
East London
Eastern Cape
Auction Date:
04 December 2018 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
SAVE
PRINT
DIRECTIONS
Auction Date: 04 December 2018 11:00 am

Contact us




Introduced by:
Investpro

Investpro Broker Logo

Participate in our next upcoming combined auction and enjoy maximum exposure in the market place.