Floor Area 1356 m²
Land Area 588 m²
Rates R 7916
The property consist of the following:
Great student accommodation potential or convert the office space into apartments for rentals.
The building can provide 40 double rooms and can accommodate 80 students
The income potential is R3500 x 80 = R280 000/month once the property is renovated and accredited
This building is situated on the corner of Havelock and Lawrence street in Central, Port Elizabeth.
In the past, the building provided small retail shops on the ground floor and office space on the first & second floors. The building is currently vacant and requires some maintenance.
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R3 800 000 PLUS VAT
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