Apartment for sale
Secure passive income in a central location near amenities; fully let with strong rental returns and a large untouched 405m² basement for expansion — 24 bedrooms, 10 bathrooms.
CALLING ALL INVESTORS:
THE PROPERTY CONSISTS OF THE FOLLOWING:
4 x 3 Bedroom apartments
6 x 2 Bedroom apartments
Every apartment is fitted with a prepaid electricity meter
Erf Size: 443m2
Estimated Floor Size 810m2
There is a basement measuring approximately 405m2 untouched for extra space
The current zoning is Res3 (commercial bond only)
Asking Price is R5 200 000
The building is fully let and is generating R59 530 in rental per month + R4572.84 in water recovery
The monthly expenses are R24 517.33
The net monthly income is R39 585.51
Cap Rate of 9.14%
The building could easily be converted into an accredited Student Accommodation
24 bedrooms to accommodate 48 students @ R4200/each (R 201 600)
10 Bathrooms
10 Kitchens
10 Lounges
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 R5,200,000
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.
