photo grid

59 bedroom office for sale in North End

59 Beds

This under-utilized commercial property is suitable for student accommodation.

The building is divided into 2 sections with an enclosed parking area at the back that can easily park 15-20 cars.

The front section of the property which runs along Govan Mbeki Avenue has 4 retail shops on the ground floor and 45 rooms/offices collectively in the 3 storey building.

The building has a lift for each floor and 3 phase electricity. Each floor has shared toilet and kitchen facilities. This section also has it's own fire escape.

The back section of the property, which runs down Doyle Street has 14 rooms, 4 of them have their own bathroom & kitchen and the remaining 10 on the top floor have a commune male/female bathroom and a shared kitchen.

This section has it's own separate fire escape from the top floor.

With some renovations, this building can be brought back to it's former glory and serve as a great investment property.

Current annual gross income: R1,248mil

ROI: 10,44%

Price excludes VAT.

Property Type
Stand Size
Building Size
Rates & Taxes
More Features
More Features
Property history
Listed for sale at R11,950,000
30 Jun 2020
Get to know Port Elizabeth
Gqeberha (Port Elizabeth) is also known as the “the windy city” or “the friendly city” and is the second oldest city in South Africa. While the city is steeped in history and culture it is a bustling city with many businesses and industrial ventures.
By clicking on "contact" you agree to our privacy policy
Contact Agent
Email me similiar properties View similiar properties near this one
Get pre-approved
Know what property you can afford in Port Elizabeth, get buying power today
What will my move cost?
Calculate your Port Elizabeth moving costs with the help of our moving partners