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R 6 950 000

24 Bedroom House for Sale in Port Elizabeth Central

Port Elizabeth Central, Port Elizabeth

Contact agent for street address

24
24
10
1 232 m²
- m²: 1 232 m²
- Hectares: 0.123 ha
- Acres: 0.304 acres

Contact Agent

Daniel Matthee

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Historic Accommodation Ideal for Student Accommodation

Welcome to Pearson Street, an exciting opportunity to own three accommodation establishments with immense potential, a historically rich property with a captivating past.

A total of 25 rooms, with the potential of more than 50 beds. The seller is not VAT registered and transfer costs will apply to purchase price.

The first address has undergone a transformation and evolved into St Marcus Accommodation and, more recently, adopted the name DALIBHUNGA ACCOMMODATION.

A remarkable legacy as an accommodation establishment dating back to 1997. Boasting a total of 9 units, this charming abode features 5 studio open-plan units and 4 one-bedroom units, ensuring a versatile living space to cater to various preferences.

Each unit provides a sense of privacy and independence with its own kitchen and bathroom facilities. Additionally, one unit has been repurposed as...

Welcome to Pearson Street, an exciting opportunity to own three accommodation establishments with immense potential, a historically rich property with a captivating past.

A total of 25 rooms, with the potential of more than 50 beds. The seller is not VAT registered and transfer costs will apply to purchase price.

The first address has undergone a transformation and evolved into St Marcus Accommodation and, more recently, adopted the name DALIBHUNGA ACCOMMODATION.

Each unit provides a sense of privacy and independence with its own kitchen and bathroom facilities. Additionally, one unit has been repurposed as a reception and stock room, contributing to the seamless operation of the establishment.

"The Annexe”, is a charming property operating since around 1999. This unique establishment boasts six delightful rooms, each equipped with its own private bathroom, ensuring utmost comfort and convenience for its guests. The property's inviting ambiance is complemented by a welcoming communal kitchen. With its central location, The Annexe offers easy access to local amenities, making it an ideal choice for those seeking a harmonious blend of privacy and community living in the heart of the city.

Kings Lodge Accommodation, established in 2003, this property boasts a charming and inviting atmosphere, providing a total of 10 units for a delightful stay. Each unit is thoughtfully designed as a cozy studio, complete with its own private bathroom and convenient kitchenette. Nestled in a prime location, it promises for an unforgettable stay.

Presenting all three buildings with a shared entrance, this property boasts convenient double parking in tandem for up to 10 cars, facilitated by an electronic gate and CCTV. Additionally, there is a separate parking area, secured by a locked gate, with space for two cars. The property features a laundry area with extensive wash lines, a staff room, and a braai area, perfect for gatherings.

The standout feature of these buildings is their potential for transformation into a lucrative student accommodation venture. Each unit and room come fully furnished with beds, tables, chairs, etc. The staff who ensures the successful operation of the accommodations would like to continue contributing to the future successes.

Last year, average monthly takings on the business side was R130,000 per month.

Disclaimer: Whilst every endeavour has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.

Bedrooms: 24

Bathrooms: 24

Parking: 10

Listing number: P24-113056137, Image number: 1

Listing number: P24-113056137, Image number: 2

Listing number: P24-113056137, Image number: 3

Listing number: P24-113056137, Image number: 4

Listing number: P24-113056137, Image number: 5

Listing number: P24-113056137, Image number: 6

Listing number: P24-113056137, Image number: 7

Listing number: P24-113056137, Image number: 8

Listing number: P24-113056137, Image number: 9

Property Overview

Listing Number

113056137

Type of Property

House

Listing Date

08 August 2023

Erf Size

1 232 m²

Floor Size

1212 m²

Rates and Taxes

R 35 000

Coverage

98 %

Rooms

Bedrooms

Bathrooms

External Features

Parking

Other Features

Security

Electric Gate, Closed Circuit TV, Electric fencing

Nearby Public Transport

Bus, Minibus Taxi

Points of Interest

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