1,744m² Vacant Land For Sale in Port Alfred Central

R950,000

24 Bank Lane

Web Ref No CL2259

Prime Commercial Property in Port Alfred CBD

This strategically positioned commercial property, located on the bustling corner of Main Street and Bank Lane in Port Alfred's CBD, offers a unique investment opportunity. With a prominent location and excellent visibility, this under-utilized property holds significant potential for redevelopment. Currently, the property features one tenanted building, ensuring an immediate rental income stream. Additionally, a portion of the property is being utilized as a car wash, though the wooden wendy house and carports belong to the tenant. so these items are not included in the sale. The price is inclusive of VAT, so there is no transfer duty, making this an even more attractive option for savvy investors. Whether you're looking to develop a new commercial space or capitalize on the existing structures, this property offers endless possibilities.