AUCT-002232 | SOLD

Lucrative Residential Investment Port Elizabeth

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    2024-06-20 11:00:00
    Lucrative Residential Investment Port Elizabeth

    Lucrative Residential Investment, 22 Joubert Street, Parsons Hill, Port Elizabeth

    Extent: ± 2 578m² | 21 Apartments | Zoning: General Residential Zone 3

    Parsons Hill, Eastern Cape


    Welcome to 22 Joubert Street, situated in Parsons Hill, Port Elizabeth – an exceptional residential block of flats called Rockland Heights. A rare opportunity to own and invest in an entire block of apartments. Not often does a block of flats come available that has not been sectionalised, making it very desirable for any investor.

    Location:
    Strategically located on Joubert Street in Parsons Hill, this property benefits from its central position, providing excellent accessibility and proximity to key amenities including some of Port Elizabeth top schools, Collegiate Girls, Grey High School, and Port Elizabeth largest shopping Centre, Greenacres Shopping Centre, making it very attractive to tenants.

    Perfect Use:
    Rockland Heights is made up of a total of 21 apartments:
    6 x 3 beds
    8 x 2 beds
    7 x 1 beds

    There are ±15 carports with additional secure off-street parking for several additional vehicles.
    Given the locality and offering of these apartments, they enjoy very high occupancies, making it very rare for a unit to be vacant.

    Opportunity for Buyer:
    For savvy investors, this property presents a compelling opportunity to acquire a lucrative income-generating asset with promising returns. With the block being fully tenanted, the property offers stability and potential for further growth, making it an appealing investment prospect in today's market.
    Commercial Type:
    Block of Flats
    Web Reference:
    AUCT-002232
    Final price:
    POA
    Address:
    22 Joubert Street, Parsons Hill, Nelson Mandela Bay Metropolitan Municipality, Eastern Cape
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    20 June 2024 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Property Agent
    Brad Dowlman
                                        In2assets Representative

    Brad Dowlman

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    bdowlman@in2assets.com

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