Student Residence & Retail in Central East London

Student Residence & Retail in Central East London

AUCT-001092 | On Auction

Tower House, 36 Caxton Street, East London, Eastern Cape


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Student Residence & Retail, Tower House, 36 Caxton Street, Central, East London.

Extent: ± 321 m² | GLA: ± 1 124 m² | Gross Annual Income: ± R1.2 Million | Partially let | 84 Beds | Ground floor - vacant

Located in East London | Ground floor comprises of a commercial, newly renovated retail unit of ±227 m² which is currently vacant and the above floors is Let to students | Comprises of 84 beds (26 - single & 58 – 2 sharing), fully furnished and also offers shared kitchens, bathrooms, common lounge and a study room | Also offers 5 basement parkings.

Centrally located in the East London CBD, close to universities and with easy access to transport networks. Quigney is the oldest section of the city of East London, South Africa. This suburban area was formed in 1873 and land sales only took off after a tramline was built to reach the beach and easier access established into the suburb. Today, Quigney is the heart of East London where top hotels, edgy restaurants and the aquarium line the beachfront.

East London is a city on the Indian Ocean, in South Africa’s Eastern Cape. It’s known for its beaches, such as Nahoon and Cove Rock. Elephants, lions, zebras and other wildlife roam in several nearby game reserves.  

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Commercial Type:
Block of Flats
Web Reference:
AUCT-001092
List price:
POA
Address:
Tower House, 36 Caxton Street, East London, Eastern Cape
Property Extent:
321 m2
Auction Venue:
East London Golf Club
22 Gleneagles Upper Road
Bunkers Hill
East London
Eastern Cape
Auction Date:
07 November 2019 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required
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Auction Date: 07 November 2019 11:00 am

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