Holiday Flats For Redevelopment in Port Alfred On Auction

AUCT-000829 | On Auction

40 Park Road, Port Alfred, Eastern Cape


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Residential Rental Cluster Pool, 40 Park Road, Port Alfred

Extent: ± 2 214 m² | Short term leases

This property consists of 4 blocks of flats and a residential home and is ideal for further residential development. Create residual income and convert this property into holiday flats or student accommodation for hotel and flight schools. This property has beautiful views and secure onsite parking and could be purchased together with the next-door hotel. Centrally located in Port Alfred, within 300 metres from Port Alfred Primary and High Schools, within a 1km from the CBD, this property offers various option of usage.

Port Alfred is a small town with a population of just under 26,000 in the Eastern Cape province of South Africa. It is situated on the eastern seaboard of the country at the mouth of the Kowie River, almost exactly halfway between the larger cities of Port Elizabeth and East London and 30 kilometres West of Cannon Rocks.
Port Alfred was established in the early 1820s by British settlers who were moved into the area by Lord Charles Somerset as a buffer between the Cape Colony and the Xhosa people. Originally it was two separate towns. Settlers arriving on the west bank in 1820 named their settlement Port Kowie, and those arriving on the east bank named theirs Port Frances. Later, in 1860, when Queen Victoria’s son Prince Alfred visited, the name was changed in his honor.

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Commercial Type:
Block of Flats
Web Reference:
AUCT-000829
List price:
POA
Address:
40 Park Road, Port Alfred, Eastern Cape
Property Extent:
2214 m2
Auction Venue:
Buffalo Club
1 Buffalo Park Drive
East London
Eastern Cape
Auction Date:
04 December 2018 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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Auction Date: 04 December 2018 11:00 am

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