Commercial Investment In Belgravia, Tudor Court, 14 St Matthews Road, Belgravia, East London
Extent: ± 4 668 m² | Comprises commercial & residential flats | Gross annual income: ± R2.5 Million | Almost fully let (1 unit vacant)
This mixed-use commercial building is currently fully let and situated centrally off East London’s main Oxford Street with a good tenant mix. The property is centrally located within the suburb of Belgravia, East London. It is situated on the corners of St Matthews Road and East London’s bustling Oxford Street. It is a beautiful building which holds much history within its walls.
The surrounding area comprises of a number of medical and educational institutions. There are also a number of commercial properties that house retail and administrative businesses. The neighbouring suburb of Southernwood is continually growing in popularity as a location for student residences. Life St Dominic’s Hospital as well as the state owned Frere Hospital are approximately 1,5kms away from the property. The property is located in the town of East London in the Eastern Cape Province. East London is an industrial city on the southeast coast of South Africa within the Buffalo City Metropolitan Municipality. The city lies on the Indian Ocean coast, largely between the Buffalo River and the Nahoon River.
The location is considered central to the province and East London hosts the country’s only river port which is also used for imports and exports, largely due to the Mercedes Benz factory located in East London. The nearest notable city is Port Elizabeth, which is approximately 300km to the west of East London. To the east of the city, you will find Mthatha and Butterworth; both towns are popular business hubs. Approximately 50 km to the north is Bhisho, the provincial capital of the Eastern Cape. Many of the government officials and employees that work there reside in East London.
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