350 m² Commercial space in Port Elizabeth Central

203 m² 350 m²

CALLING ALL INVESTORS: PRIME LOCATION STUDENT ACCOMMODATION

Student accommodation across from Russel Road College

Currently vacant and not being run at its full potential - new hands-on owner needed!

THE PROPERTY CONSISTS OF THE FOLLOWING:

FULLY FURNISHED

10 Rooms

2 communal bathrooms consisting of 2 showers & 2 toilets downstairs, 2 showers & 2 toilets upstairs

Projected Income/expenses on 20 Beds:

Monthly Rental Income: R80 000

Monthly Expenses: R28 755

Monthly Net Income: R51 245

Annual Net Income: R512 450

Cap Rate 21.35% (Return on investment on a cash purchase)

The information provided is believed to be true and correct but does not form part of any agreement