Large erf fully walled with gates and doors.
On the main national road between Port Elizabeth and East London.
The property has been partly developed on the top section, leaving a large erf for development right on the national rd.
Presently there are ;
3x 1 bedroom units. All are fully furnished, with open plan lounge/dining/kitchen area and a separate bathroom with shower, toilet, baisin. The 1 bedroom units are let for R 3920pm
1x 2 bedroom unit. R 6020pm.
There are pay as you go meters in each unit. They have DSTV which is included in the rental. There is an alarm.
There is secure parking inside the property.
An Architect has drawn various plans for completion of the property.
A good option seems to be to build a further 8 bachelor flats plus 12 garages for storage.
The original plan was to build 28 units. The choice is yours.
The income at present is R 17,000 pm, making this a desirable investment. The buildings are in good condition, being recently built and converted. Aluminium windows with burglar bars and porcelain tiles throughout.
Property Information & Features
- Property Type
- Listing Type
- For Sale
- Port Alfred Central, Port Alfred
- R 1,600,000 · Get Pre-Qualified
- Price per m²
- R 754
- Floor Size
- 275 m²
- Erf Size
- 2123 m²
- Pet Friendly
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