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Commercial Property For Sale in Summerstrand, Port Elizabeth

Summerstrand, Port Elizabeth
R 4399000
RunningCosts Bond
Costs
Property Type Commercial
Erf Size 1064 m2
Levies R 0
Listing Date December 07, 2023
Floor Size 600 m2
Rates and Taxes R 7629
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Property description

This versatile property, currently thriving as fully occupied student accommodation, is now open for transformation. Imagine it as a charming bed and breakfast or a serene spa retreat—the possibilities are endless.

Featuring 13 meticulously designed rooms, each with private entrances, this property offers a personalized living experience for tenants, generating an impressive monthly revenue of approximately R52,000. Additionally, the main house boasts four spacious bedrooms, two full bathrooms (including a luxurious jacuzzi en-suite), a fully equipped kitchen, inviting lounge, dining room, and more.

Outdoor amenities include a substantial carport, advanced security system, borehole for water supply, and ample water storage capacity. Powered by 3-phase electricity, with existing Wi-Fi infrastructure, this property is ready for seamless ownership transition.

Positioned strategically with easy access to major routes, renowned schools, Nelson Mandela University, and just a stone's throw from the beach, this investment gem is a rare find. Don't miss your chance to make this investor's dream your reality!

  • Pets Allowed

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