R3,500,000 | 310m² Apartment Block For Sale in Gqeberha Central

CALLING ALL INVESTORS:

THE PROPERTY CONSISTS OF THE FOLLOWING:
9 x 1 Bedroom apartments
Every apartment is fitted with a prepaid electricity meter

Erf Size: 310m2
Estimated Floor Size 507m2
The current zoning is Res3 (commercial bond only)

Asking Price is R3 500 000
The building is fully let and is generating R36 627/month

As the building is registered as a sectional title scheme, the sections can be purchased separately to save R162,356 in transfer duty

The building could easily be converted into accredited Student Accommodation
18 bedrooms to accommodate 48 students @ R4200/each (R75 600)
9 Bathrooms
9 Kitchens
9 Lounges (can be converted to more bedrooms)

Call us today to discuss all options available and secure a private viewing.

“The information provided is believed to be true and correct but does not form part of any agreement”