550 m² Commercial space in Port Elizabeth Central

R 3 800 000

Desmond Prinsloo

Property Network-Global

550 m² Commercial space in Port Elizabeth Central

R 3 800 000

334 govan mbeki avenue
Can I afford this?
Floor Area 550 m²
Rates R 3083

SOLID INVESTMENT!!!

PRELIMINARY DETAILS

2 x Commercial Shops including a Restaurant on Ground Floor

3 x two bedroom flats with a kitchen, a lounge, and 1 bathroom with a shower, hand basin and a toilet

2 x two bedroom flats with a kitchenette, a lounge and 1 bathroom with a shower, hand basin and a toilet

3 x two bedroom flats with the lounge converted into a third bedroom, with kitchen and 1 bathroom with a shower, hand basin and a toilet.

1 x one bedroom flat with a lounge, kitchen and 1 bathroom with a shower, hand basin and a toilet

The property is well situated in Govan Mbeki Avenue, providing accessible accommodation for Central, Newton Park, North End and Sydenham employment including the Govan Mbeki and Harrower Road municipal offices and depots.

It is also easily accessible by students of both the main NMMUand Bird Street campuses as well as others such as Boston College at Greenacres.

Access is eased through multiple close access routes being Govan Mbeki Ave, North and South along the Settlers Highway and west toward Cape Road /Greenacres via Albany Road as well as being on main taxi routes.

The building is a sound investment offering a rare mix of both commercial and residential returns.

It also offers further possibilities of division into Sectional Title units allowing the prospective buyers to generate faster capital returns at shorter notice rather than wait for one single investor. Based on the overall asking price this could well be a prime investment strategy for a potential buyer.

The building has a long history of 100% occupancy and there is no reason to expect this to change. As such, it offers excellent rental returns on investment, positive cash flow scenarios and genuine medium and longer term capital gains.

Please contact me for further details.

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Desmond Prinsloo

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550 m² Commercial space in Port Elizabeth Central

R 3 800 000

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