ON AUCTION
An exceptional opportunity to acquire two adjoining, income-producing properties located in the highly sought-after student hub of Belgravia, East London. Perfect for investors looking for strong rental income or developers eyeing future potential.
The Properties are 24 & 26 Belgravia Crescent. These two erven, perfectly situated on Belgravia Crescent, offer a combined investment footprint in an area ideal for NSFAS students.
Property No. 24: Boarding House - Comprises 10 Bedrooms, 2 Communal kitchens, and 3 Bathrooms. Includes 2 seating areas for communal use. Separate outside room and bathroom. A generous 855 square meters. Ample off-street parking. Currently operating with good rental income.
Property No. 26: Comprises four separate units, 2-one room flats, 2-two room flats, each flat has its own private bathroom and kitchen. Covered entertainment area. Erf size is 739 square meters. Off- street parking.
Situated in the heart of the student hub - extremely high demand area. Currently generating good rental income, making it an immediate cash-flow asset. Perfectly suited for NSFAS students. Lots of space for further development - explore expansion or conversion potential (subject to council approval). Owner is retiring, making this a genuine and motivated sale.
Venue: On site at 24 & 26 Belgravia Crescent, Belgravia, East London
Date / Time: Tuesday 18 November 2025@ 11am
Viewing: By appointment or 1 hour prior to Auction
THIS IS A FANTASTIC, RARE OPPORTUNITY TO SECURE SUBSTANTIAL PROPERTY ASSETS IN A PRIME EDUCATIONAL PRECINCT.
TERMS: ID and proof of residence are required for registration. 5% Deposit, Auctioneers Commission, Advertising costs payable on the fall of the hammer.
Full terms and conditions available for inspection at our offices: 70 Chamberlain Road, Vincent, East London. Subject to change without notice and right of admission reserved.
