Auctions in NORTH END

location in South Africa province Eastern Cape, East London, North End

R9 999 999 999

Ad ID 135546

Property Description

GLA: 7 018 m | 124 Covered parking bays | Gross annual income: R 6.8 Million | Tenant: Eastern Cape Provincial GovernmentThis particular property is situated in North End of Govan Mbeki which is surrounded by a mix of industries and commercial properties. Adjacent to this property is the Port Elizabeth Magistrate Court, Port Elizabeth Home Affairs and many car dealerships and light manufacturing industries. This area is very popular for all industries due to the easy access these properties enjoy to not only the National highways but also the Port Elizabeth Harbour, the CBD and residential suburbs. Due to the volume of staff this property accommodates,the location is ideal in that there is an abundance of public transport,with the potential of this improving with the new IPTS system potentially being finalised very soon. The locality and offering of this property has great potential for a purchaser to convert to the ever rising shortfall of student accommodation or Social-Housing conversion,the current layout and area is ideal.To participate in this physical auction each bidder has to follow registration procedures which can be obtained on this webpage




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