210 m² Commercial space in Mount Croix

Exceptional Mixed-Use Commercial Property in Mount Croix 1 YEAR RENTAL SIGNED

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

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.

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.

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

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

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

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.

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.

Unit 1

84m² , Possible rental: R8,500

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

Unit 2

29m² , Possible rental: R3,500

Currently used for a workshopadditional parking. Toilet installed.

Parking space behind two secure gates for up to five vehicles

Flat 1

44m²

One bedroom with built in rails and shelves

Separate toilet, basin and shower with washing machine connection

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

Flat 2

56m²

Kitchenette with gas hob

Spacious open plan living area

Master bedroom with en-suite shower and study nook

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

Key Features Mixed-Use Property Business Zone 1

- Two Commercial Units &amp 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.