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R 1 445 000

Commercial Property for Sale in Port Elizabeth Central

Port Elizabeth, Port Elizabeth Central

Floor Size 260 m² Erf Size 350 m²
Let the income pay your rates and bond. The price has been reduced on this Multi tenanted property for sale in Bird Street, Central. The property offers a high return on investment, with potential for further development. Currently the gross monthly income is R24500, and the take home income is R18300. As these are 12 month rentals, the annual nett income is R220 000 after deductions.
The property offers:

a 6 bedroom primary accommodation.
2 bathrooms.
1 bedroom flatlet plus attached garage(can be converted to more bedrooms.
kitchen, lounge, plus secure parking for 5 vehicles.

Converted to student accommodation, this could house 12 students 'as is' due to the size of the rooms. An easy conversion of the garage to bedrooms will bring the total to 15 students.
Give me a call to view.
Listing Number
114625147
Type of Property
Commercial Property
Lifestyle
Student Accommodation
List Date
05 July 2024
Erf Size
350 m²
Floor Area
260 m²
Rates and Taxes
R 2 586
Pets Allowed
No
Bedroom
7
Bathrooms
2
Kitchens
2
Parking
5
Outside Areas
1
Building Grading
A Grade
Multi Tenanted
Yes
Standalone Building
No
Security
1
Nearby Public Transport
Bus, Minibus Taxi

Education

St Augustines Primary School
0.20km
Ed-U-College
0.40km
St George'S Primary School
0.81km
Greenwood Primary School
1.00km
The School Of Modern Montesori
1.01km
The Hill College
1.34km

Food and Entertainment

Mannville Open Air Theatre
1.38km
Steers
1.48km

Sports and Leisure

Donkin
0.12km
Campanile
0.53km
St. George's Park
1.30km

Transport and Public Services

St Augustine's Cathederal
0.24km
The Hill Presbyterian
0.27km
St Mary's Cathederal
0.29km
Holy Trinity Anglican
0.32km
St John's Methodist
0.44km
Port Elizabeth
0.52km
Pearson St. Congregational
0.63km
NG Sentraal
0.64km
Centenary Methodist
0.79km
Nelson Mandela Art Museum
0.84km
Engen
0.97km
Masjid ul-Akbar
0.98km
South End Fire Station
1.07km
South End Museum
1.12km
Saint Cuthbert's Anglican Church
1.17km
NG Oos
1.19km
Seventh Day Adventist Westbourne
1.22km
Humewood Police Station
1.33km
Trinity Baptist
1.41km

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Hagen Junger

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By continuing I understand and agree with Property24's Terms & Conditions and Privacy Policy.
RE/MAX Independent Properties - Lorraine

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Hagen Junger

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