This property is an excellent investment with rental income already being produced. Further development is an option as well as the erf is only partially developed.
There is an office block with 3 offices, filing room, toilet and kitchenette. There are also four small workshops on 3-phase power, each with a small office, storeroom and toilet. Each building is currently tenanted.
The premises is secure with burglar bars on the buildings and is fenced. Tenants will be responsible for armed response.
Current rental income per month, excluding VAT is R 13,500.00 equalling R 162,000.00 per year. Rental includes basic municipal charges. Water and electricity consumption is for the tenant's account. The office block and workshops have separate electricity connections.
Port Alfred lies at the heart of the Eastern Cape’s Sunshine Coast. Its name, which has changed three
times since the arrival of the settlers in 1820, indicates that it did not initially come into existence as
a holiday resort, as did other villages along the Sunshine Coast such as Kenton on Sea (24 kms
south), Boknes and Cannon Rocks (15 kms beyond Kenton along the R72).
At the time when the 1820...
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