9 Bedroom House For Sale in Port Elizabeth

Property description

This fully accredited Grade B student accommodation has recently had a fresh coat of paint inside and out, ideally situated within walking distance of Nelson Mandela University, presents an exceptional investment opportunity with immediate income potential. The property is designed for low maintenance and durability, standing on a spacious erf with potential for future expansion if desired.

Student Tenant Overview:

Accommodates 9 NSFAS-supported students
Financials: Proven income statements from current tenants available upon request.
Additional Features:

Prime Location: Just minutes from NMU, ensuring consistent student demand.
Large Garden Area: Includes a partially enclosed entertainment/braai space and additional parking for several cars if needed.
Investment Potential
This property is ideal for investors seeking reliable rental income. With its established tenant mix and close proximity to NMU, it ensures a stable and ongoing revenue stream.

Property Features & Amenities:

Accommodation: 9 bedrooms, 3 bathrooms
Kitchens: 2 (one full kitchen and one kitchenette)
Living Space: Large living room opening out to the entertainment area