Central, Walvis Bay: General Business Property with Running Concern is for Sale

Property Details

Property Type : Retail

Price : N$ 17,850,000

Town : Walvis Bay

Property Ref : entegral-2472450

Suburb : Walvis Bay Central

Property Status : For Sale

Property Description

A Landmark building and business is for sale: * Nearly 50 year trading history (Restaurant, Casino, Conference Centre) * Located in the centre of town with high activity commercial area * Double Storey Building, with direct street front entrance, and side entrance for backyard access * The property is in mint condition, extremely well maintained * The current running concern has diversified income streams, with huge further potential, due to the already well established presence in town The property offers: On ground floor (restaurant and ancillary service facilities): * 60 seater restaurant area, although a little dated, in very good condition * Restaurant area is serviced by a fully equipped bar * Take-away shop * 36 Additional seating (enclosed veranda area) just outside take-away shop * Casino, with 10 licenced gambling machines * 3 x Store rooms * Large fully equipped kitchen * Prep room * Built-in freezer room * Built-in chiller room * Laundry Facilities * Double Tandem Garage * Staff accommodation with male and female ablutions * Well equipped management office, store room, walk-in safe * State of the art Point of Sale system * Back-up Generator to ensure continuous electrical supply Upstairs * 80 seating Conference/Function venue, with fully equipped bar * Two apartments: Bachelor apartment, and 4 Bedroom apartment, accessible from inside building, as well as from outside stairway * Bachelor apartment: *** Kitchen, open plan with living room/bedroom *** Air-conditioner fitted in living area/bedroom *** Bathroom with shower, basin, toilet * 4 Bedroom apartment. *** Main bedroom has private bathroom *** All bedrooms and living area is fitted with Air-Conditioners *** 2 Bathrooms, both with main with bath (and in-bath shower option), basin, toilet. *** Large living area, with indoor BBQ, open plan with kitchen *** Adjacent to apartment is a large patio General: * Property and business is currently registered and operated in a partnership * State of the Art 36 camera security system throughout building * Staff fingerprint clock-in system * Very successful restaurant with diversified income streams Price: N$17 800 000

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