36 Bedroom Apartment Block For Sale in East Bank

R10,000,000

7 Albany Road

Monthly Bond Repayment R108,370.71
Calculated over 20 years at 11.75% with no deposit.

Web Ref No EPA25583

Multi purpose 36 ensuite bedroom establishment

This historic accommodation establishment in Port Alfred offers an incredible investment opportunity with breathtaking views of the Royal Alfred Marina and Indian Ocean. With 36 en suite bedrooms, this property has the potential to attract a variety of clientele. The multitude of reception areas, offices, entertainment venues and conference rooms add to the appeal. Additionally, three adjacent properties with fourteen apartments are available at an optional extra for a further R5M, providing even more potential for expansion. The property is conveniently located adjacent to the main East London/Port Elizabeth highway (R72), making it easily accessible. All reasonable offers will be considered, but we highly recommend a viewing to fully appreciate the potential of this property.

Features

Bedrooms 36
Bathrooms 36
Floor Size 2,749m²
Land Size 8,298m²

Extras House Style: Contemporary
Views: City
Views: Sea / Ocean
Locality: Close To Beach
Locality: Close To Schools
Locality: Close To Shops
Land Contour: Flat To Sloping
Condition: Good