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Flat / Apartment1 / 12Pick how you want to view this place
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North End, North End, Gqeberha, Eastern Cape
R 622 950
Currently comprising 34 flats, 37 rooms with shared facilities, and 3 commercial units a church a shop and a sewing shop privately tenanted basement units, this well positioned asset presents a rare opportunity for investors with approved plans and scope are already in place for the development of an additional 16 basement flats and 4 ground floor flats, creating immediate upside potential for increased rental income and long-term capital growth. Sold as going concern fully tenanted but has the potential to repurpose for a student accommodation, several large blocks of student accommodation are situated opposite and adjacent the property is already income-producing, while further investment and modernisation could unlock substantial rental escalations and enhanced yields. Additional features include: Borehole water supply, Prepaid electricity meters installed in each unit, Existing income stream in place, Expansion approvals secured, Financials available on request. A versatile investment with strong fundamentals, scalable potential, and multiple value-add opportunities. Disclaimer: Whilst every endeavour has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.
Estimated monthly repayment
R 5 883
on a R 560 655 bond over 20 years at 11.25%
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North End, North End, Gqeberha, Eastern Cape
Area view — the exact address is shared on enquiry.
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
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