We Will Offer For Sale By Public Auction The Property Situated At:
9 ALEXANDRA ROAD & 9 CONNAUGHT STREET, ECHOVALE, KING WILLIAMS TOWN.
- Date: 01/10/2025.
- Time: 10:00am.
- Venue: On-Site.
- Viewing: By Appointment.
ID & proof of residence required for registration.
WATCH THE YOUTUBE VIDEO HERE
AUCTIONEERS NOTE – BEST POSITION WITH SUPER HIGH VISIBILITY ON MAIN ROAD, ACROSS ROAD FROM SCHOOL, HUGE POTENTIAL AND HIGH INCOME PRODUCING PROPERTY.
An Exceptional Income-Producing Investment Opportunity – Going on Auction!
If you are seeking a property that offers not only reliable rental returns but also huge potential for future growth, this one is not to be missed. Situated in the heart of King Williams Town, this multi-unit investment property spans the full width between the prominent Alexandra main road and the quieter Connaught Street. With dual access from both sides, the property is uniquely positioned to attract both residential tenants and possible future commercial use.
Directly across from President Primary School, with public transport and high visibility on the bustling Alexandra Road, this property enjoys one of the best positions in town. Investors will be pleased to know that it is already performing as a true “rental return machine.” At present, six of the seven units are fully let, generating a gross rental income of R24 800.00 per month. The landlord has formal leases in place, and each of the newly built units are fitted with prepaid electricity meters for effortless management.
The accommodation is varied and appealing:
- 3 X spacious two-bedroom units, each with a large lounge, kitchenette, and family bathroom. These units are fully tiled, fitted with aluminium windows, and designed for modern, low-maintenance living. These three units bring in R15 100.00 total per month.
- 1 X bachelor flat, stylishly finished with a kitchenette, bathroom, porcelain tiles, and aluminium doors and windows. This unit brings in a rental of R3 600.00 per month.
- 1 X one-bedroom unit, complete with lounge, fitted kitchen, and trendy bathroom. This unit stands out with its quality finishes and pristine condition. This unit brings in a rental of R4 000.00 per month.
In addition to the newly built units, the property also includes the original house facing Alexandra Road. This residence is expansive, offering four bedrooms and an unfinished en-suite bathroom. Currently, a portion of the home is rented out, generating R2 100.00 per month. While it requires renovation, the size and location of this house present exciting possibilities: Will you convert it into lucrative room rentals? Or explore the potential of rezoning and transforming it into offices to fully capitalise on the incredible visibility and foot traffic that Alexandra Road provides? This property benefits from Residential Zone 3B, offering excellent development and investment potential.
Opportunities like this are rare. With thousands of government employees working in nearby King Williams Town and Bisho, the demand for rental accommodation remains consistently high. This explains why the property is already almost fully let and generating excellent returns. Add to this the secure leases, modern finishes, and prime location, and it is easy to see why this is a standout property investment.
Whether you are an experienced investor seeking a reliable cash flow property, or a visionary developer looking for a site with prime positioning and endless potential, this property ticks all the boxes.
We invite you to view the approved plans and existing units on our website ahead of the auction. Don’t miss a high-yield investment with significant future upside.
Join us on auction day – opportunities like this seldom come to market!
Contact Justin Rohtbart For More Information – 083 789 2550.
SELLER DISCLOSURE.
LEASES.
ZONING CERTIFICATES.
MUNICIPAL PLANS.
TERMS:
10% DEPOSIT, AUCTIONEERS COMMISSION & ADVERTISING COSTS PAYABLE ON THE FALL OF THE HAMMER. Full terms & conditions of auction available for inspection at our office. Subject to change without notice. Right of admission reserved.
