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ONLINE AUCTION: SAPO 42 New Brighton, Port Elizabeth

February 14 @ 8:00 am - 12:00 pm

RE Of Erf 95 PTN 349, New Brighton, Nelson Mandela Bay (PE), Eastern Cape

The property is located on the corner of Chase and Uitenhage Road with Uitenhage road being the main transport road from the hub of Nelson Mandela Bay (PE).

Zoning: COMMUNITY 1

GPS: -33.911585 25.574703

Size: 221 940 m2
Description:

The property is currently owned by the South African Post Office.
The area has an average sales price of R14 000 000 for similar properties.
The land can be rezoned and sold for a profit.

New Brighton has a strong industrial and commercial industry as indicated by aerial photography. The land is surrounded by a number of high-profile tenants which would attract good investment opportunities for the area. Smaller commercial properties located in close proximity are selling for high amounts due to the fact that it is located in the center of an industrial node. Situated close to the N2 highway with easy access to the property from multiple roads.

We are looking for the right investor to help build the local economy by either creating industry or subdividing to create multiple housing development opportunities.