Commercial Investment

AUCT-000980 | On Auction

24-30 Mosel Road, Mosel, Uitenhage, Eastern Cape


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Development Opportunity, 24-30 Mosel Road, Mosel , Uitenhage

Extent: ± 1.2201 Ha | GBA: ±1 950 m²

This property situated in the tranquil suburb of Mosel, was originally the boarding house for the National Railway employees in the 1940’s.Since then the property was acquired by one of Uitenhages top co-ed Afrikaans schools,Brandwag Hoerskool. All the years it has been utilised as a Hostel for pupils who attend the school that live out of town.The current facility as it stands can accommodate over 50 students.The property is includes,large kitchen and wash-up areas,with separate laundry facilities.There is a large dining area for students,including a games room,study and much more.The property also offers plenty ablutions to service the 50 students. Seperate to the main dwelling is a very neat 3 bedroom home with single garage which is currently occupied by the caretaker of the school.

The property will be sold vacant and therefore lends itself to various re-development opportunities.One of the largest markets in the Uitenhage area is the shortage of old age or frail care facilities. This property would make a relatively easy conversion,given the current layout and accommodation.Another market that is in demand is Student Accommodation, with the Midlands College less than 500m away,this property would make an ideal Student Digs. In addition to all the improvements on the property, there is adequate vacant land to further develop should this be necessary.

Uitenhage is a South African town in the Eastern Cape Province. It is well known for the Volkswagen factory located there, which is the biggest car factory on the African continent. Along with the city of Port Elizabeth and the small town of Despatch, it forms the Nelson Mandela Metropolitan Municipality.

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Commercial Type:
Development
Web Reference:
AUCT-000980
List price:
POA
Address:
24-30 Mosel Road, Mosel, Uitenhage, Eastern Cape
Property Extent:
1.2201 ha
Auction Venue:
35 Pickering Street
Newton Park
Port Elizabeth
Eastern Cape
Auction Date:
12 July 2019 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: 12 July 2019 11:00 am

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