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Reliable passive income in a convenient central location near shops and transport — five fully tenanted apartments with separate electricity/water meters, 11 bedrooms, five bathrooms and five covered parking.
CALLING ALL INVESTORS - Great Rental Income Opportunity!
ROOM RENTALS: FULLY TENANTED
THE PROPERTY CONSISTS OF THE FOLLOWING:
5 apartments with a total of 11 rooms.
Monthly Rental Income: R 21 950
Monthly Expenses: R 6 558.74
Monthly Net Income: R 16 228.99
Yearly Net Income: R 194 747.93
ROI: 10.53%
Unit 1: 3 bedrooms
Unit 1B: 2 bedrooms
Unit 3: 2 bedrooms
Unit 5: 3 bedrooms
Unit 7: 1 bedroom
Each unit has their own separate electricity & water meter.
Secure Clearvu fencing
“The information provided is believed to be true and correct but does not form part of any agreement”
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,550,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 59 listings in Gqeberha (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 48% below the median.
Similar properties pricing
Key differences
Market depth
59 similar listings
High similar-home inventory town-wide (Gqeberha)
Median time on market: 135 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
Calculate your moving costs to Gqeberha Central with the help of our moving partners.
Gqeberha Central offers a vibrant, historic urban lifestyle characterized by its proximity to major business hubs, cultural landmarks, and the scenic coastline, making it an ideal choice for those who value city convenience and architectural heritage.
* Distances and amenities are approximate.
