Residential Home For Redevelopment In Port Alfred For Sale By Auction

Residential Home For Redevelopment In Port Alfred For Sale By Auction

AUCT-000830 | On Auction

44 Park Road, Port Alfred, Eastern Cape

Please login or register for property info pack.

Residential Redevelopment, 44 & 50 Park Road, Port Alfred

Extent: ± 2 057 m² | Month to month tenancies

This well-located property forms part of a cluster of properties in the direct neighbourhood, which are been sold on the same auction jointly and individually. Combined with the next-door hotel or used as a holiday home, this property is waiting for a modern upgrade and could potentially generate a good return if used for holiday letting. Centrally located in Port Alfred within 300 metres from Port Alfred Primary and High Schools, within one 1km from CBD and Marina, this property once upgraded, will be a great future asset.

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.

To participate in this physical auction each bidder has to follow the registration procedures.

Residential Type:
Web Reference:
List price:
44 Park Road, Port Alfred, Eastern Cape
Property Extent:
±2057 m2
Auction Venue:
The Buffalo Club
1 Buffalo Park Drive
East London
Eastern Cape
Auction Date:
04 December 2018 11:00 am

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

Introduced by:

Investpro Broker Logo

Participate in our next upcoming combined auction and enjoy maximum exposure in the market place.