3 Bedroom Apartment in Port Elizabeth Central

Investment Opportunity 3-Bedroom Apartment | Goldor Apartments, Central, Gqeberha

54 Clyde Street, Goldor Apartments Central, Gqeberha

Unlock the potential of this 3-bedroom apartment with no lounge, currently generating a combined rental income of R7,800 per month, making it an attractive investment opportunity in the heart of Central.

The apartment''s layout lends itself particularly well to student accommodation, with three bedrooms that can be rented individually rather than as a conventional family apartment. With its location close to Rink Street and the surrounding educational and commercial precinct, the property offers an opportunity for an investor to reposition the unit toward the student rental market.

Investment Highlights

3 bedrooms

No lounge, making the existing layout suitable for student accommodation

Current rental income: R7,800 per month

Potential student accommodation income of R10,000 per month, subject to room configuration, demand and applicable requirements

Located at 54 Clyde Street, Goldor Apartments

Close to Rink Street and Central, Gqeberha

Suitable for an investor looking to increase rental yield through student accommodation

Opportunity to improve and furnish the unit to maximise rental appeal

With the right student-focused setup, the property could provide an opportunity to increase monthly rental income from the current R7,800 level to R10,000, while benefiting from the demand for affordable accommodation close to Central''s amenities and institutions.

Ideal for investors seeking a value-add property with an existing rental income and potential for improved returns.