Commercial for sale
Investor-friendly property on an expansive erf, well-located with generous grounds and huge development potential — two buildings offering 22 bedrooms, eight bathrooms, and room to expand.
Positioned on a expansive erf with massive add-value potential, this versatile commercial property presents a lucrative opportunity for astute investors targeting student accommodation, multi-tenant residential lets, or high-density rental units.
Property Highlights
Dual-Building Layout: 2 separate multi-room buildings.
Capacity: 22 bedrooms total (11 rooms per building).
Ablutions: 8 bathrooms total (4 bathrooms per building).
Current Holding Income: Generating R30,000 per month in existing rental yield.
Utilities: Municipal water and electricity accounts are fully up to date.
Value-Add & Development Potential
Renovators Delight: Capitalize on the need for cosmetic and structural updates to overhaul the space, optimize room layouts, and command premium rental rates.
Massive Expansion Space: Ample vacant land on site provides immediate potential to build additional apartment blocks, units, or high-density student housing.
Tenant Amenities: Generous open grounds with clear allocation room to construct covered tenant carports and secure parking structures.
Ideal Investment Fits
High-density student housing facility
Multi-tenant residential apartment conversion
Co-living or worker accommodation complex
Contact Siya today to arrange a private viewing and unlock this property’s true income potential.
Listed for sale at R1,400,000
Cannon Hill is a peaceful and established residential suburb in Uitenhage, offering residents a quiet atmosphere with convenient access to essential local amenities and schools.
