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Commercial Property for Sale in Port Elizabeth Central
Port Elizabeth Central, Port Elizabeth
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Fully furnished two storey building in russel road
Calling all investors on this beautiful student accommodation consisting of 21 bedrooms for sale at a large communal area downstairs with a smaller communal area upstairs. It consist of ten double rooms, and one single room for the caretaker, a large kitchen, and two showers each. The building is accredited at NMU for 16 students (Renewable contracts). The rest of the beds are occupied by cash paying students. The building holds all municipal consents necessary to accommodate students and a 24hr CCTV.
NSFAS pays R3300 per month per accredited student (R3300 x 16 = R52800) and cash student pays rent (R2500 x 4 = R10 000), total income R62800.
The NMU shuttle bus stop is 5min away from the accommodation.
Property Overview
Listing Number
114310543
Type of Property
Commercial Property
Listing Date
23 April 2024
Erf Size
203 m²
Points of Interest
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