Commercial Property for Sale in Port Elizabeth Central
Port Elizabeth, Port Elizabeth Central
260 m² 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.