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Quigney, Quigney, East London, Eastern Cape
R 1 950 000
Prime Property with Endless Potential Near the Esplanade Beach This spacious property, set on a large erf just a stone’s throw from the Esplanade beach, offers endless possibilities for both residential and commercial use. The process has already begun to rezone the property for commercial purposes, opening up exciting opportunities for investors – though it can still easily function as a residential income-generating property. Currently, the building is being used as a laundromat, but it can be converted back into multiple rental units if desired. The property features: • A one-bedroom unit already generating rental income • A large container on the yard with excellent potential to be converted into a flat • Additional space within the building that could be turned back into bedrooms for rental purposes • A kitchen and one bathroom in place The erf is fully walled with high walls and good security, ensuring peace of mind. It also includes a water tank for added convenience. With its size, location near the beachfront, and mixed-use potential, this property is a fantastic investment opportunity waiting to be maximized.
Estimated monthly repayment
R 18 414
on a R 1 755 000 bond over 20 years at 11.25%
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Quigney, Quigney, East London, Eastern Cape
Area view — the exact address is shared on enquiry.
Fair-value check
Priced highPriced 51% above comparable 3-bed houses for sale in Quigney
Based on 9 comparable listings
A market signal from comparable listings — not a formal valuation.
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