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Experience lively urban living and steady rental income in a vibrant neighbourhood, featuring 40 apartments, ground-floor retail space and a freestanding three-bedroom house with secure parking.
Discover this rare investment opportunity with this unique property, featuring two blocks of flats and a standalone 3-bedroom house.
Positioned to capitalise on rental income as well as commercial potential, this property is a rare find, in today's market.
The residential component comprises of 40 apartments, including 18 bachelor units, 6 one-bedroom units, 9 two-bedroom units, and 6 three-bedroom units, plus a freestanding three-bedroom house.
Tenants will appreciate the convenience of +-46 secure off-street parking bays, ensuring peace of mind for all.
Complementing the residential offerings are various ground floor retail outlets, encompassing approximately 1209 square meters.
These spaces provide an opportunity for investors to diversify their portfolio, and allow tenants to benefit from the built-in customer-base from the residential apartments above.
Contact me to arrange a viewing and explore the full potential of this property!
Disclaimer: Whilst every effort has been made to ensure the accuracy of the information provided, it remains the responsibility of any prospective purchasers to verify details independently.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R10,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 202 listings in Gqeberha (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 73% below the median. Floor size is 5081% larger than typical for similar homes.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Key differences
Affordability
R 103,073 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
202 similar listings
High similar-home inventory town-wide (Gqeberha)
Median time on market: 88 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Sydenham is a centrally located and established residential area offering a mix of housing options and convenient access to amenities in Gqeberha.
* Distances and amenities are approximate.
