Large Multi-Unit Property in Port Alfred – Investment Opportunity
Exclusive Mandate! Discover this expansive, partly completed property located in the serene Forest Downs of Port Alfred. With 9 separate living areas, this versatile investment is full of potential! The main, spacious ground-floor unit features a comfortable living room, an open-plan kitchen, two bedrooms, and a bathroom. Two additional units, one upstairs and one downstairs, each offer a generous living area, one bedroom, and a bathroom. Six further units each consist of a living area, one bedroom, and a bathroom.
The property is already connected to electricity and a conservancy tank in place. Currently, only one unit has been connected to electricity and plumbing, with the remaining units awaiting completion. The boundary wall encloses two sides of the property, while the rest is secured with fencing. Please note, there are deviations from the approved building plans, and rezoning approval will be required. Don’t miss out on this fantastic opportunity! Call today to explore what this property has to offer.
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.
