Quigney – potent residential rental investment!
AUCTION ONE
The Property Auctioneering CO.
We Will Offer For Sale By Public Auction The Property Situated At:
14 ANGLE STREET, QUIGNEY, EAST LONDON.
Date: 15 MAY 2024
Time: 10:00 AM.
Venue: On Site.
Viewing: By Appointment.
ID & proof of residence required for registration.
Auctioneers note – 3 x separate units, needs completion, possibility of a powerful rental return.
Rake in that triple rental!
Located just above the East London esplanade,14 Angle Street in Quigney is a stand out rental gem waiting for its next investor! Strategically located near the CBD and shopping centres, the property is divided into three components, each offering tremendous potential in this sought-after rental suburb.
Secure, undercover
parking for two vehicles in the front, a wooden deck above is perfect for watching the sunset over the ocean.
First, the beautifully appointed flatlet features a spacious lounge with oregon pine floors, a prepaid electric meter, and neatly tiled bathroom for convenience. The large bedroom includes stunning fitted melamine cupboards. The kitchen top notch with modern melamine cupboards right the way around kitchen. No need to hunt for an occupant for this unit, which is already being rented at
R5, 675.00per month to a long term tenant who love her cute residence.
The second unit is currently under construction, it’s a separate and spacious three bedroom layout designed for room rental income, a very popular choice in the Quigney for students and working professionals alike. The communal kitchen and communal bathroom are still needing completion, just add those final, finishing touches. Estimated rental at R2, 000 per room, this comes to a total of R6, 000 per month, this property can spin income!
Lastly, a new build cladded bachelor flat is tucked away at the back of the property with its own separate side entrance for additional privacy. Certainly still a work in progress, floor plan layout includes kitchenette and en-suite bathroom area, provision for its own DV board, the open-plan design combines lounge and bedroom for tenants on the go!
While renovations are needed to make this space shine, if you are looking for return on investment, LOOK NO FURTHER!
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