This strategically positioned commercial property, located on the bustling corner of Main Street and Bank Lane in Port Alfred's CBD, offers a unique investment opportunity. With a prominent location and excellent visibility, this under-utilized property holds significant potential for redevelopment. Currently, the property features one tenanted building, ensuring an immediate rental income stream. Additionally, a portion of the property is being utilized as a car wash, though the wooden wendy house and carports belong to the tenant. so these items are not included in the sale. The price is inclusive of VAT, so there is no transfer duty, making this an even more attractive option for savvy investors. Whether you're looking to develop a new commercial space or capitalize on the existing structures, this property offers endless possibilities.
History
In the early 1820's Port Frances and Port Kowie were founded. In 1841 South Africa's first man made harbour was opened here. After numerous name changes, in 1860, Port Alfred was renamed in honour of Prince Alfred, Queen Victoria's son.
Location
Port Alfred is located between 2 cities, Port Elizabeth and East London, on the breath-taking Sunshine Coast of the Eastern Cape. The distance from Port...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
