Property Details

Introducing a remarkable investment opportunity in the heart of Walvis Bay, this well-established business with a building is now available for sale. In addition to the property itself, which includes all the necessary equipment, this investment holds great potential for commercial success.

With a zoning classification of 'General Business', this property offers a wide range of possibilities. The high coverage allowance of 85% permits various uses such as retail, business premises, and offices. Moreover, the generous bulk factor of 2.8 allows for expansion and customization according to your needs.

Convenience is key, and this property offers ample parking with one space allocated per 33.3m². This ensures easy access for both customers and employees.

Spanning a total area of approximately 4,770m², the property features several distinct sections. The main building comprises a spacious supermarket, offices, and preparation areas, covering an area of 1,280m². Additionally, there is a warehouse spanning 840m². The car wash area is currently rented out, providing an additional income stream. The paved parking area measures 1,600m², and the walls/fencing cover an area of 50m². The land itself spans an impressive 3,750m².

With an extensive street frontage of 75 meters, this property offers excellent visibility and accessibility for potential customers.

A market valuation conducted in April 2023 has appraised the fixed property at N$26,284,000. Additionally, there is approximately N$5 million worth of stock on hand, which is not included in the purchase price of N$26.5 million.

The inventory lists for various business sections are readily available, including the bottle store, grocery store, butchery, bistro, kitchen, bakery, and deli. Please note that the Catering Section is not included in the sale. These well-established sections contribute significantly to the overall success of the business.

The owners have decided to sell the business, along with the building and equipment, for N$26.5 million, excluding the stock on hand valued at ± N$5 million. The decision to sell is primarily due to the owners' retirement plans and health concerns.

Alternatively, if a potential buyer is interested in purchasing only the building, the purchase price will be N$22.2 million.

Don't miss out on this extraordinary opportunity to own a thriving business in a prime location. Contact us now to learn more or schedule a viewing.