LIVE ONSITE AUCTION
THURSDAY, 8 OCTOBER 𝟐𝟎𝟐𝟔 @ 𝟏2:00PM
ASSET FORFEITURE
This ground-floor apartment is situated within a well-maintained three-storey residential apartment block in the sought-after Quigney area of East London. The unit comprises:
• Open-plan lounge and dining area featuring suspended timber flooring.
• Kitchen with tiled flooring and fitted with a sink.
• Bedroom 1 with suspended timber flooring and a three-door built-in cupboard.
• Bedroom 2 with suspended timber flooring.
• Bathroom with tiled flooring, fitted with a bath, toilet, and basin.
Occupancy
The property is currently income-producing, with each bedroom rented separately. The tenants share the lounge, dining area, kitchen, and bathroom as communal facilities.
Rental Income: R3,000 per room per month. Total Monthly Rental: R6,000 (including utilities). This apartment presents an excellent opportunity for investors seeking an affordable, income-generating property in a popular coastal suburb close to the East London CBD, beachfront, and local amenities.Quigney is a well-established beachfront suburb situated adjacent to the East London CBD. The suburb is known for its apartment blocks, guesthouses, holiday accommodation and older residential buildings. It offers residents convenient access to the beachfront, Orient Beach, restaurants, hospitals, schools and major transport routes.
FOR MORE INFORMATION CONTACT CRAIG ON 083 799 4403
