An older -type residential zone V property that requires some TLC, in one of the seaside suburb s of East London known as Quigney.
Within a 2 km radius South East of the central business district.
The property boasts one single storey structure that offers a total of eight residential rooms, five of which are in the front section and also consists of self contained shower/toilet facility each as well as a communal kitchen facility.
The rear of the building consists of 3 residential rooms that share in a communal shower/toilet and kitchen facilities.
A total net annual income of R 191 132 is generated and the same results in a yield return of 12%.