+/- 3 100 sqm Accomodation Block

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General Details
For Sale By:Agency
Size (sqm):2112
Parking:Covered
Description
Combined Extent: +/- 2 112 sqm | GLA: +/- 3 178 sqm | Ground floor: +/- 1 437 sqm | First floor: +/- 1 293 sqm | Second floor: +/- 448 sqm | Vacant Occupation

Originally built as a Gracious Hotel in the early 1900's, but was later sold to Castle Breweries in 1920, before the extensions down Brownling Street were added in 1935 / 1936 when the second story was added and featured the first on-suite. In 1969 it was sold again and was then converted into the Red Cross Old Age home.

Since the closure of the frail care in December 2019, the property has been vacant. The property is situated in Fleet Street which is the main route from the airport into East London, the property is situated in Quigney which is one of the original suburbs.

The property consists of 43 bedrooms, 10 en-suite bathrooms and 15 separate bathrooms. There is 1 lounge and dining area with a large kitchen facility. Further improvements to the property consist's of a separate building with 6 bachelor flats and 5 study rooms which was previously utilized by the matrons. There are balcony facilities with sea views. There are 20 on-site parking bays with a garage area which accommodates 9 vehicles and 2 retail shops at the bottom on the side on Curry Street. The property is close to the CBD and is surrounded by numerous flats and retail stores. There is considerable amount of hotels in the area as well.

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.

Property Reference #: CL1457

Agent Details:
Justin Price
In2Assets Property Specialists
Suite 505
5th Floor
Strauss Daly Place
41 Richefond Circle
Ridgeside Office Park
Umhlanga Rid

Id Subtitle 987533051
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