210 m² Commercial space in Mount Croix

Exceptional Mixed-Use Commercial Property in Mount Croixandnbsp

Discover a unique investment opportunity at Clevedon Road 14, Mount Croix, Port Elizabeth.andnbsp

This exceptional mixed-use property, classified as Business Zone 1, seamlessly combines commercial potential with residential comfort, making it a true gem in a metropolitan and suburban setting.andnbsp

With an attractive gross yield of 14.3 and achieved income of R24,050 per month, this property presents a compelling proposition for discerning investors.andnbsp

The building boasts charming Edwardian architecture, with its heritage features meticulously retained, offering a distinctive aesthetic appeal.andnbsp

Spanning a generous 210m² of lettable area, the property comprises two versatile commercial units UNIT 1 UNIT 2 alongside two independent residential units.andnbsp

The residential accommodation features three well-proportioned bedrooms, 2 bathrooms, and two kitchens, catering perfectly to dual living arrangements or additional rental income streams.andnbsp

Situated on a 501m² erf, this property provides ample space and functionality. A significant advantage is the provision of five dedicated parking spaces, a valuable asset in any commercial or residential location.andnbsp

Its strategic position in Mount Croix on the border of Mount Croix and Richmond Hill, ensures excellent accessibility and visibility, enhancing its appeal for both business operations and residential tenants. This is a prime opportunity to acquire a versatile asset with strong income generation in a desirable area.andnbsp

Unit 1

84m² , Possible rental: R8,500andnbsp

Made up of three spaces. Previous tenants - restaurant and Olive shop. Kitchenette and grease drip tray in place.andnbsp

Unit 2

29m² , Possible rental: R3,500andnbsp

Currently used for a workshopadditional parking. Toilet installed.andnbsp

Parking space behind two secure gates for up to five vehiclesandnbsp

Flat 1

44m²andnbsp

One bedroom with built in rails and shelvesandnbsp

Separate toilet, basin and shower with washing machine connectionandnbsp

Beautiful renovated modern kitchen with open plan living area opening to the garden courtyardandnbsp

Flat 2

56m²andnbsp

Kitchenette with gas hobandnbsp

Spacious open plan living areaandnbsp

Master bedroom with en-suite shower and study nookandnbsp

Second smaller room which can serve as a second bedroom or an office spaceandnbspandnbsp

Key Features

Mixed-Use Property Business Zone 1

Two Commercial Units andamp Two Residential Units

Current Income: R24,050month | Gross Yield: 14.3

Edwardian Architecture with Retained Heritage Features

210m² Lettable Area on 501m² Erf

Three Bedrooms, 2 Bathrooms, Two Kitchens

Five Dedicated Parking Spaces

Prime Mount Croix Location

LOWER ALBANY BEACHFRONT PTY LTD trading as REMAX Bay Humewood operates in terms of a franchise agreement with REMAX of Southern Africa.