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Exceptional Grahamstown investment

R 48,000,000
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  • Date Listed 07/09/2018
  • For Sale By Agency
  • Available From 07/09/2018
  • Dwelling Type Apartment

These two erven are sold together and are situated on prime land at the end of Worcester Street in Westhill. Erf 8092 has a complex made up of 56 sectional title units with additional ground for further development. The units comprise of 11 three bedroom units, 27 two bedroom units, 15 one bedroom units and 3 bachelor units. This property also offers a communal laundry, swimming pool and an open parking area. The pool has a salt chlorinator. Erf 6588 is vacant land with Port Jackson.

This property is ideally positioned for students and Rhodes University staff as it is only a short walking distance to campus.

Erf 6588 (27 908ha) is zoned industrial, Erf 8092 (2394ha) is zoned General Residential. The rental income for 2015 was R253,450 with a projected income for 2016 of R291,050. IT Solution provide a wireless service to the complex.

Gaybba (More ads from this seller)
User since May 2011
190 Published
42 Active
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Worcester St, Grahamstown, 6139, South Africa
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