COMMERCIAL GEM IN THE HEART OF THE CBD – PRICE EXCLUDES VAT

R 4,000,000

Can I afford this?
2 years ago1239 views
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Description
JOINT MANDATE - Four separate buildings, each housing a different business, with two separate title deeds are part of the SS Cinema Complex (which is a sectional title complex) in Gluckman Road, and measures 367 square metres under roof of the 773 square metre property.
Conveniently situated in the heart of the CBD the shops enjoy a large parking lot in front of their entrances, and ample street parking and another parking lot at the back of the building, which is in close proximity.
The buildings are opposite the Heritage Mall and in close proximity to the Taxi rank, Main street, Hospital, Town Hall. It is across the parking lot from Henbrick House and opposite the Anchorage Mall and Duckpond Centre.
This sought-after property is a rare find, being so strategically placed in the CBD. A fantastic opportunity for someone who wants to open a business in town, or to invest in property with a lucrative income to boot.
The buildings are well built, solid, and have been well maintained. Security beams in the shops and burglar proofing ensure the safety of the buildings.
Port Alfred is a coastal town midway between Port Elizabeth to the West and East London to the north, with Grahamstown about 60km inland.
Known as the “Heart of the Sunshine Coast”, the area offers pristine beaches, a Royal Golf Club, Stenden University and 43 Air School as well as many historical landmarks among other drawcards.

Property Reference #: 4934521

Agent Details:
Mauneen Charter
Lew Geffen Sothebys International Realty
50 Masonic Street
Port Alfred
6170

Id Subtitle 1074107882
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Estimated monthly repaymentR 43,349
Total property loan amountR 4,000,000
Total interestR 6,403,588
Total repaymentR 10,403,588
Interest rate at 11.75% for 20 years *
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Lew Geffen Sothebys International Realty
Selling for 3+ years
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