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Property for Sale
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South Africa
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Port Elizabeth
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Richmond Hill
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ORL4436
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1
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R 2 125 000
14 Bedroom Apartment / Flat for Sale in Richmond Hill
Port Elizabeth, Richmond Hill
14
4
4
655 m²
530 m²
Richmond hill fully tenanted apartment block for sale
Excellent student accommodation potential!!
14 bedrooms to accommodate 28 beds. Income potential of R95 200/month
CALLING ALL INVESTORS:
Monthly Rental Income: R25600
Monthly Expenses: R9235
Monthly Net Income: R17 665
Yearly Net Income: R211 979
ROI: 9%
R2 200 000 (BRING OFFERS!)
SOLE MANDATE
THE PROPERTY CONSISTS OF THE FOLLOWING:
2 X 4 bedrooms, bathroom, kitchen and lounge with single garage each
2 x 3 bedrooms, bathroom, kitchen and lounge with single garage each
Unfurnished
ALL TENANTED with Leases and deposits
4 prepaid water meters and 4 prepaid electricity meters to recover all utilities from the tenants
Rates: R3338
Floor size: 655sqm
Land: 530sqm
Bedrooms:
14
Bathrooms:
4
Garages:
4
No Pets Allowed
Property Overview
Listing Number
112606344
Type of Property
Apartment / Flat
List Date
02 May 2023
Erf Size
530 m²
Floor Area
655 m²
Price per m²
R 3 244
Rates and Taxes
R 3 338
Pets Allowed
No
Rooms
Bedroom
Bathrooms
4
Kitchens
4
Reception Rooms
4
External Features
Garage
Points of Interest
Education
The Hill College
0.78km
Erica Girls' Primary School
0.90km
Ethembeni Enrichment Centre
0.94km
St Augustines Primary School
1.08km
St George'S Primary School
1.08km
Greenwood Primary School
1.20km
Laerskool Excelsior
1.22km
Ed-U-College
1.24km
View more
Food and Entertainment
Mannville Open Air Theatre
1.26km
Health
Provincial Hospital
1.22km
Saint George's Hospital
1.45km
Sports and Leisure
Donkin
0.91km
St. George's Park
1.09km
Campanile
1.21km
View more
Transport and Public Services
Centenary Methodist
0.16km
NG Sentraal
0.32km
Saint Cuthbert's Anglican Church
0.62km
Seventh Day Adventist Westbourne
0.65km
Engen
0.66km
The Hill Presbyterian
0.67km
St John's Methodist
0.68km
Holy Trinity Anglican
0.72km
Pearson St. Congregational
0.78km
Trinity Baptist
0.84km
Nelson Mandela Art Museum
0.93km
St Mary's Cathederal
1.08km
Port Elizabeth
1.10km
St Augustine's Cathederal
1.10km
North End
1.22km
NG Patmos
1.22km
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Sebastien Brazeau
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Xavier Salsone
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Sebastien Brazeau
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Xavier Salsone
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R 2 125 000
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14 Bedroom Apartment / Flat for Sale in Richmond Hill
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