Commercial space in Port Elizabeth Central

This substantial multi-level commercial property, situated in the vibrant and historic central area, presents an exciting opportunity for both commercial use and future redevelopment.

Currently offering a versatile office environment, the property provides generous space for offices, storage and workshop areas, together with a staff kitchen and bathroom facilities. Its flexible layout makes it suitable for a variety of business operations, while its central location offers excellent accessibility and convenience.

Adding significant investment appeal is a proposed student accommodation development comprising two separate accommodation blocks, designed to accommodate a total of 39 students.

Proposed Student Accommodation - Block 1 Ground Floor - 6 Students

4 Single rooms

- 1 Double room

- Communal lounge

- Kitchen

- Dining room

- Bathroom

- External refuse area

First Floor - 8 Students

4 Single rooms

- 2 Double rooms

- Communal kitchen

- Dining room

- Communal bathroom

Second Floor - 7 Students

3 Single rooms

- 2 Double rooms

- Communal kitchen

- Dining room

- Communal bathroom

- Laundry facilities servicing the student accommodation

Total Capacity - Block 1: 21 Students

Proposed Student Accommodation - Block 2 Each of the three floors is designed to accommodate 6 students, comprising:

2 Single rooms

- 2 Double rooms

- Communal lounge

- Kitchen

- Dining room

- Bathroom

Total Capacity - Block 2: 18 Students

Total Proposed Capacity: 39 Students The proposed room layouts, communal facilities, circulation areas and accommodation capacity have been designed with consideration for the applicable South African student accommodation norms and standards, including the Department of Higher Education and Training DHET Student Housing Infrastructure Programme SHIP Minimum Norms and Standards, National Building Regulations SANS 10400, and applicable municipal planning and building requirements.

All proposed development remains subject to approval by the relevant local authority and any applicable institution-specific requirements.

With its existing commercial functionality and exciting potential for conversion into formal student accommodation, this property presents a compelling investment and redevelopment opportunity in a central, character-filled location.

All information, including sizes, rates, taxes and levies, is supplied by the seller and subject to verification.

TIADOR 150 CC trading as REMAX Independent Properties Lorraine operates in terms of a franchise agreement with REMAX of Southern Africa.