Block of flats - 15 sectionalized units - ideal court.
AUCTION ONE
The Property Auctioneering CO.
We Will Offer For Sale By Public Auction The Property Situated At:
95 CURRIE STREET – IDEAL COURT, QUIGNEY, EAST LONDON.
Date: 28th May 2025.
Time: 18:00 PM.
Venue: Lord Selborne Guesthouse.
Viewing: By Appointment.
ID & proof of residence required for registration.
Auctioneers note – super high visibility position and zoned business 1.
High-Exposure Investment Block – Turnkey Flats in Prime East London Location.
Positioned at the gateway of East London, this prominent three-storey block of flats sits on a highly visible corner erf at the top of Currie Street, connecting the R72 coastal road with the N2 highway. The expansive side wall, currently adorned with a
striking mural, offers major advertising potential for national brands seeking premium exposure. Located within the urban renewal zone, the property qualifies for potential tax incentives – speak to your accountant.
Comprising 15 neat, sectionalised units (12 three-bed, 3 two-bed, and 1 bachelor with en suite), the block is well managed onsite and operates efficiently with individual room rentals. Currently offering 43 rooms, three communal kitchens, and 16 ablutions, each room features a prepaid electricity meter, aluminium windows, free Wi-Fi and excellent security with surveillance camera. With rental income from R2,600 per room (single) and R2,200 per person (sharing), this is a turnkey, cash-flow asset ready for immediate return.
Don’t miss this exceptional auction opportunity!
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