Residential Rental Cluster Pool, 40 Park Road, Port Alfred
Extent: ± 2 214 m² | Month to month tenancies
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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