MLS#: 326965

$354,706 USD

ZAR6,450,000

Total rooms
88
Minimum sellable space
1,256m²
The details

Property features

Date Updated: Nov 16, 2024

Area

Property size
1,256m²
Land/Lot size
2,149m²
Bedrooms
51
Bathrooms
37
Total rooms
88

Description

The property is located on 5 adjoining erven in Quigney and has great rental income potential. The business zoning allows for many usage options. There are 51 bedrooms, 34 bathrooms, communal kitchens, 3 separate access controlled gates, on site parking, boundary walls and burglar bars for security. Whilst the buildings require some minor and also major repairs, one of the buildings has approved plans to extend further. The seller is VAT registered and the buyer will cover costs for COC, woodborer and electrical fence certificates.

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Location

East London, Eastern Cape , South Africa
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