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12 Princes Rd, Vincent, East London, 5247, Vincent, East London, Eastern Cape
R 3 200 000
This property offers a rare "blank canvas" opportunity in the heart of the thriving Vincent commercial suburb. It is located near major malls and transport routes ensuring easy access and and convenience. While the structure requires renovation, the expansive 1421 square meter erf provides a massive footprint for creative redevelopment. A recent site development plan made provision for 23 potential parking spaces! The site is currently zoned as residential, however, it is strategically positioned within an approved light office node, making it an ideal choice for professionals or developers looking to capitalise on this opportunity. ***Key Specifications*** Erf Size: 1421 sqm Total Building Size: 236 sqm (Main house + Flat) Bachelor Flat: A 45 sqm self-contained unit, perfect for rental income or a private studio. Zoning Potential: Ideally suited for residential use, a light office conversion, or a savvy combination of both. The house is held in a CC and can be sold outright or by way of share sale. The CC is a registered vat vendor, the asking price is vat inclusive. Whether you are looking to build your dream office suite or develop a modern residential complex in a central location, 12 Princes Road offers the space and the status to make it happen.
Estimated monthly repayment
R 30 219
on a R 2 880 000 bond over 20 years at 11.25%
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12 Princes Rd, Vincent, East London, 5247, Vincent, East London, Eastern Cape
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Liivra AI market value
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