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

N$17,850,000
Property Details

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

Property Features
Property Type
Retail
Floor Size
1,313m²
Land Size
1,250m²
Location
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