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Quigney, Quigney, East London, Eastern Cape
R 2 298 000
NEW RELEASE FOR SALE | QUIGNEY, EAST LONDON PRIME INVESTMENT OPPORTUNITY Situated in the heart of Quigney, this centrally located block of flats presents an outstanding opportunity for investors looking to secure a high-income generating property in one of East London’s most convenient and established suburbs. Perfectly positioned within walking distance to the beachfront, shops, amenities, and with public transport literally on your doorstep, this property is ideally suited for long-term rentals, student accommodation, or multi-family living. Exclusively mandated to 777 Residential Properties. PROPERTY CONSISTS OF: 4 Spacious Two-Bedroom Flats Each flat offers generous proportions and excellent living space, including: Massive bedrooms with ample natural light Spacious family lounges ideal for comfortable living Entrance foyer areas Well-sized kitchen areas Walk-in pantry/storage areas Family bathrooms High ceilings and solid structure throughout. Pre paid meters in flats. These larger units provide excellent rental appeal due to their size and layout. 2 Bachelor Flats Located at the rear of the property, the bachelor units include: Open-plan living/sleeping areas Kitchenettes Bathrooms Ideal for additional rental income or student accommodation. ADDITIONAL FEATURES Off-street parking Centrally located near all major amenities Walking distance to the Quigney beachfront Excellent access to public transport routes Strong rental income potential Some renovations and upgrades already completed Structurally solid building with tremendous potential INVESTMENT POTENTIAL This property offers enormous scope for investors wanting to maximise rental returns. With some further TLC and cosmetic improvements, the block could be transformed into a highly profitable income-producing asset. The layout and location make it particularly attractive for: Student accommodation Long-term residential rentals Multi-tenant leasing Corporate or shared accommodation BONUS FEATURE The property is registered in a Close Corporation (CC), allowing the purchaser the opportunity to take over the existing CC structure if desired. EXCLUSIVE MANDATE Proudly marketed by 777 Residential Properties. ?? Call today to arrange a private viewing of this exceptional investment opportunity.
Estimated monthly repayment
R 21 701
on a R 2 068 200 bond over 20 years at 11.25%
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Quigney, Quigney, East London, Eastern Cape
Listed by
Darrell Symes
777 Residential Properties
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