Apartment for sale
Effortless student living and strong cash flow on the PE Central campus edge — fully furnished, equipped kitchen and laundry, CCTV and communal TV/study areas, 13 beds and 5 bathrooms.
SOLE MANDATE
3 X Single Rooms
10 x Double Rooms
23 x Beds
3 x Kitchen
4 x Common Area
5 x Bathrooms including 5 showers
Erf size 798m2
Floor size 480m2
The current zoning is RES3
Rates & Taxes R1520/month
This building is situated next door to the PE Central university campus in Central
Ground + 2 additional floors for male and female accommodation (private students)
Fully furnished and equipped kitchen & laundry room
Two spacious TV rooms
Computer & Study area
CCTV Camera
Close to Amenities and Shuttle services to NMBU
Asking Price R2 700 000
Current Rental income R81 000/month
Operational expenses R20 000/month
Net income R61 000/month
Cap Rate 22.63 percent (cash purchase)
The building has immense potential for the experienced student accommodation operator.
Because the property is not yet registered with NSFAS, you can increase your monthly turnover overnight.
The potential income is as follows
20 double beds @ R4400 = R88 000
3 single beds @ R4600 = R13 800
Total R101 800
Please note this projection is very conservative and without reconfiguring the space to create more beds
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”
Listed for sale at R2,700,000
Limited comparable data
We found only 1 similar-sized active home in Gqeberha — not enough for a fair price comparison.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Gqeberha Central offers a vibrant urban lifestyle characterized by its historic architecture, proximity to the city's business hub, and easy access to the scenic coastline.
