$887,286

Listing currency: ZAR 16,000,000

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South Africa East London Quigney East London, Quigney, South Africa

Apartment Block Available for Sale in Quigney's Central Area

An excellent investment opportunity awaits in the heart of Quigney with this apartment block now on the market. This property boasts a total of 16 bedrooms, featuring 9 bachelor units, each equipped with private bathrooms and kitchenettes, ideal for individual rentals or student accommodation. Additionally, there are 7 two-bedroom units, providing spacious living arrangements.

Included within the property are a licensed bar and a convenient storage room, catering to various potential uses and opportunities for additional income streams. The ample parking space offered is secure, making it particularly suitable for student housing or individual rental arrangements.

Conveniently located, this property is in close proximity to the beachfront, local shops, a garage, restaurants, and universities, ensuring accessibility and attractiveness for potential tenants or residents seeking convenience and amenities nearby.

It's worth noting that the six two-bedroom units situated upstairs are currently unfinished, presenting an opportunity for customization and development according to specific preferences or requirements. This offers potential for increasing the property's value through completion and future leasing or sale of the units.

This apartment block represents a promising investment prospect in Quigney, with its strategic location and versatile accommodation options. Whether for student housing, long-term rentals, or other commercial ventures, this property offers a solid foundation for investors or developers looking to capitalize on the vibrant real estate market in this sought-after area.

Amenities

  • Bedrooms: 16
  • Full Bathrooms: 16
  • Partial Bathrooms: 0
  • Property Type: Single Family
  • Home size: 8,707 ft2 / 808.90 m2
  • MLS: CEBC-1456
  • Web ID: A5WEYV
  • Status: Active

Property brokered by

Chas Everitt International Property Group

+ 27 72 595 0105

Presented by Elmarie Krouse

  • (083) 775-7785

Contact Elmarie Krouse

Contact Agent

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