24 Bed House in Port Elizabeth Central

Welcome to Pearson Street, an exciting opportunity to own three accommodation establishments with immense potential, a historically rich property with a captivating past.

A total of 25 rooms, with the potential of more than 50 beds. The seller is not VAT registered and transfer costs will apply to purchase price.

The first address has undergone a transformation and evolved into St Marcus Accommodation and, more recently, adopted the name DALIBHUNGA ACCOMMODATION.

A remarkable legacy as an accommodation establishment dating back to 1997. Boasting a total of 9 units, this charming abode features 5 studio open-plan units and 4 one-bedroom units, ensuring a versatile living space to cater to various preferences.

Each unit provides a sense of privacy and independence with its own kitchen and bathroom facilities. Additionally, one unit has been repurposed as a reception and stock room, contributing to the seamless operation of the establishment.

The Annexe, is a charming property operating since around 1999. This unique establishment boasts six delightful rooms, each equipped with its own private bathroom, ensuring utmost comfort and convenience for its guests. The property''s inviting ambiance is complemented by a welcoming communal kitchen. With its central location, The Annexe offers easy access to local amenities, making it an ideal choice for those seeking a harmonious blend of privacy and community living in the heart of the city.

Kings Lodge Accommodation, established in 2003, this property boasts a charming and inviting atmosphere, providing a total of 10 units for a delightful stay. Each unit is thoughtfully designed as a cozy studio, complete with its own private bathroom and convenient kitchenette. Nestled in a prime location, it promises for an unforgettable stay.

Presenting all three buildings with a shared entrance, this property boasts convenient double parking in tandem for up to 10 cars, facilitated by an electronic gate and CCTV. Additionally, there is a separate parking area, secured by a locked gate, with space for two cars. The property features a laundry area with extensive wash lines, a staff room, and a braai area, perfect for gatherings.

The standout feature of these buildings is their potential for transformation into a lucrative student accommodation venture. Each unit and room come fully furnished with beds, tables, chairs, etc. The staff who ensures the successful operation of the accommodations would like to continue contributing to the future successes.

Last year, average monthly takings on the business side was R130,000 per month.

Contact us to arrange a private viewing.

Disclaimer: Whilst every endeavour has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.