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R 3 400 000

6 Bedroom House for Sale in Newton Park

27 4th Avenue, Newton Park, Port Elizabeth

6
5
5
1 739 m²
- m²: 1 739 m²
- Hectares: 0.174 ha
- Acres: 0.43 acres

Contact Agent

Helen Lipschitz

Show Contact Number

Exclusive Residential Flats/Development in Newton Park, Port Elizabeth

Prime Investment Opportunity with Income Generation

This prime property, located in a highly sought-after area close to all major amenities, offers an excellent income-generating opportunity. The property consists of five private units: four one-bedroom units and one two-bedroom unit. Each unit features an open-plan living room with a kitchenette and a bathroom.

Currently, all units are tenanted with leases in place, generating a combined income of approximately R27,000 per month. The property is zoned Residential 3, with a large portion of the land still vacant. Professionally designed plans for the construction of an additional seven units on the erf are already in place, with the Site Development Plan approved.

Each unit is equipped with a prepaid electricity meter for tenant convenience. The property also benefits from two 5000-liter water tanks that supply the...

Bedrooms: 6

Bathrooms: 5

Parking: 5

No Pets Allowed

Flatlet

Listing number: P24-114382794, Image number: 1

Listing number: P24-114382794, Image number: 2

Listing number: P24-114382794, Image number: 3

Listing number: P24-114382794, Image number: 4

Listing number: P24-114382794, Image number: 5

Listing number: P24-114382794, Image number: 6

Listing number: P24-114382794, Image number: 7

Listing number: P24-114382794, Image number: 8

Listing number: P24-114382794, Image number: 9

Property Overview

Listing Number

114382794

Type of Property

House

Street Address

27 4th Avenue, Newton Park

Listing Date

09 May 2024

Erf Size

1 739 m²

Floor Size

236 m²

Pets Allowed

Rooms

Bedrooms

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Bedroom 5

Bedroom 6

Bathrooms

Kitchens

Kitchen 1

Kitchen 2

Kitchen 3

Kitchen 4

Kitchen 5

Lounges

Lounge 1

Lounge 2

Lounge 3

Lounge 4

Lounge 5

External Features

Parking

Other Features

Pool

Fenced

Flatlet

Yes

Backup Water

Points of Interest

Bond Calculator

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