We Will Offer For Sale By Public Auction The Property Situated At:
Cnr HILL STREET & OXFORD STREET, EAST LONDON.
- Date: 19/03/2025.
- Time: 18:00 PM.
- Venue: EAST LONDON GOLF CLUB.
- Viewing: By Appointment or One Hour Before Auction.
ID & proof of residence required for registration.
WATCH THE YOUTUBE VIDEO HERE
AUCTIONEERS NOTE – BIG ON RENTAL PERFORMANCE FACTOR IF YOU KNOW WHICH BUTTONS TO PUSH! 60 X ROOMS OR OFFICES.
Auction One is proud to present an exceptional East London 3 storey commercial building situated right in the heart of the University of Fort Hare precinct! This is a rare opportunity for investors looking to capitalize on this high-demand location. Versatile and situated just a few hundred meters from both the East London Magistrate and High Court, this solid commercial block offers tremendous potential in the right hands. Whether you envision it as student accommodation, office space, or an alternative commercial venture, the possibilities are real. With NSFAS currently offering attractive rental rates for compliant student housing, this could be a lucrative venture for those interested in catering to the growing student population. Have you investigated if the University of Fort Hare may have a need for additional on-site accommodation, lecture halls, or theatres—something worth exploring before the auction.
This well-maintained building features modern amenities, including free Wi-Fi for tenants, a basic CCTV security system, biometric access control, and prepaid electricity meters in each room. Its prime location is situated near to government offices, legal institutions, and a vast commercial hub. A professional valuation of the property reveals a staggering replacement value of R24, 000, 000, 00 underscoring its investment appeal. With a highly motivated seller looking to retire and scale down on his portfolio, this is a superb chance to acquire a premium property on auction. Don’t miss out—visit www.auctionone.co.za for full details, including professional valuation, zoning information, market comparables, and aerial plans. We look forward to you joining us at auction and assisting you with securing this incredible asset!
Contact Justin Rohtbart For More Information – 083 789 2550.
SELLER DISCLOSURE
MUNICIPAL BILL – LOXFORD HOUSE
VALUATION – LOXFORD HOUSE
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.
