R4,230,000
R4,230,000
200m² Business For Sale in East Bank
Ref. CLS5533
Land 1107.00m²
Floor 200.00 m²
Monthly Repayment
R38,693.47
Chase Reynolds
Chase Reynolds Principal Licensee- Director Seeff Kenton on Sea & Port Alfred
Michelle Reynolds
Michelle Reynolds Director Seeff Kenton on Sea & Port Alfred
Vuyolwethu Sibali
Vuyolwethu Sibali Candidate Property Practitioner Seeff Kenton on Sea & Port Alfred
Monthly Rates R1,173.33
Total R1,173.33

Prime Commercial Opportunity: Turnkey Restaurant & Flexible Business Space

Web Ref. CLS5533
Property Overview:

Erf Size: 1107 sqm

Floor Size (Under Roof): Approx. 200 sqm

Zoning: Commercial

The Opportunity
Situated in a high-visibility, high-traffic location directly adjacent to Build It in Port Alfred, this immaculate commercial property offers an exceptional investment opportunity. Currently operating as the beautifully revamped "La Familia" restaurant, the premises offer a completely turnkey solution for hospitality entrepreneurs, alongside massive potential for expansion, redevelopment, or multi-tenant commercial use.

The Interior Space
The 200 sqm building has recently undergone a comprehensive makeover, boasting beautiful, neat, and modern finishes throughout. It currently seats 80 patrons with ease but offers considerable room to scale.

Welcoming Layout: Features a dedicated reception desk and an inviting bar area.

Upgraded Facilities: Brand new, pristine guest bathrooms, alongside new tables and chairs.

Commercial Kitchen: A fully operational kitchen equipped with built-in extractor units.

New Addition: A custom pizza oven is currently under construction, adding immediate value to the culinary offering.

Outdoor Charm & Expansion Potential
Set on a sprawling 1107 sqm stand, the exterior of the property is just as impressive as the interior. The grounds offer an enchanting atmosphere for guests and untapped potential for developers.

Landscaped Gardens: Meticulously maintained gardens featuring rock fountains, serene water features, and a tranquil Koi pond.

Al Fresco Dining: Two distinct undercover outdoor areas provide excellent shaded seating.

Room to Grow: A substantial vacant area adjacent to the restaurant provides the perfect footprint to build a dedicated kids' play area, extend the existing bar, or construct additional commercial units.

Infrastructure & Value-Added Extras
The property has been updated to ensure smooth, uninterrupted business operations:

Water Security: Comprehensive backup water tanks fully integrated with a water filtration system.

Electrical Compliance: Completely rewired building with updated Compliance Certificates (CoC) already in place.

Low Maintenance: High-quality aluminium windows installed throughout.

Versatility & Future Potential
While perfectly set up to continue as a thriving restaurant, the generous erf size, prime location, and flexible floor plan mean this property is not limited to hospitality. The space can easily be adapted for retail, office space, or a multi-business hub.

Fully Licensed for On & Off Consumption:
A major commercial advantage of this property is the inclusion of a valid, active Eastern Cape liquor license permitting both on and off consumption. This rare dual-license not only allows for immediate, fully compliant restaurant bar service but also provides the lucrative opportunity to establish an integrated retail component, such as a boutique wine shop or craft liquor deli, allowing patrons to purchase alcohol to take home. This saves the new owner months of application delays and licensing red tape.

Investment & VAT Advantage:
Please note that the seller is VAT registered, meaning this transaction attracts no Transfer Duty. Furthermore, if the purchaser is also VAT registered and acquires the property and its operational assets as an income-generating entity, the sale can be structured as a "Going Concern" to qualify for Zero-Rated (0%) VAT. This offers a massive cash-flow advantage by drastically reducing the upfront capital required.

Don’t miss out on securing a prime piece of commercial real estate in one of Port Alfred's busiest hubs. Contact us today to arrange a private viewing and explore the endless possibilities this property holds.

Features

Zoning
Retail
Interior
Furnished
Exterior
Security
Sizes
Land Size 1,107 m²
Floor Size 200 m²

East Bank, Port Alfred

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Finance

Monthly Repayment
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