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0 Colchester, 91 Wellington St, Colchester, Port Elizabeth (gqeberha), Eastern Cape
R 1 800 000
Sole and Exclusive MandateDiscover an exceptional investment opportunity with this buy-to-let property, ideally located in the growing area of Colchester. Conveniently positioned next to the BP Garage and Spar, this property is also within walking distance of the picturesque Sundays River, offering a blend of convenience and natural beauty.This spacious home features four bedrooms and two bathrooms, with one section currently rented out on a long-term basis. There is also a cozy outside entertainment area next to the swimming pool. While the property requires some tender loving care, it holds tremendous potential for future development and can be divided into additional rental units, making it an ideal investment for those looking to capitalize on the booming rental market.The strategic location of this property is further enhanced by upcoming infrastructure projects. Plans are underway to extend the double freeway from Port Elizabeth to Colchester, reaching up to Nanaga. This development will heighten accessibility and attractiveness, making this property a prime candidate for future growth in value.With the new Coega Industrial Zone and Harbour only a 15-minute drive away, there is a significant demand for long-term rental accommodation in the area. This demand presents an excellent opportunity for investors seeking stable rental income.Dont miss out on this promising investment. Contact Bertie van Deventer today to schedule your appointment to view this valuable late estate property. Secure your foothold in Colchesters thriving rental market and reap the benefits of this strategic buy-to-let property. Show more Show less
Estimated monthly repayment
R 16 998
on a R 1 620 000 bond over 20 years at 11.25%
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0 Colchester, 91 Wellington St, Colchester, Port Elizabeth (gqeberha), Eastern Cape
Listed by
Bongani Sibanda
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