Post FREE Ad

Exceptional Grahamstown investment

R 48,000,000
Post an ad like this for FREE!
  • 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
By clicking "Send" you accept the Terms of Use and Privacy Notice and agree to receive newsletters and promo offers from us.
Add to Watchlist
Safety Tips - Your safety is important to us and we believe that you can stay safe. Learn More Report this ad
Worcester St, Grahamstown, 6139, South Africa
You might be interested in these similar ads
Farm House for Hire in Grahamstown, preview image
Farm House for Hire
Contact for Price
Farm house available from 1 January 201930 km from Grahamstown (1.8 km gravel road to travel toN2 tar road)Just 100 km from Port Elizabeth Excluding furniture Rental R4 400 per month Excluding Eskom usage. Meter fitted and Eskom reading to be taken each monthDouble garage, 3 bedrooms, 3 bathrooms, open plan lounge and dining room, veranda, nice big garden enclosed 30 minute drive from Kenton On Se ...