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R 2 499 000

9 Bedroom House for Sale in Summerstrand

Summerstrand, Port Elizabeth
  • Bedrooms 9
  • Bathrooms 3
  • Garages 6
  • Erf Size 939 m²
    • m²: 939 m²
    • Hectares: 0.094 ha
    • Acres: 0.232 acres
Prime Investment Opportunity: Fully Accredited Grade B Student Accommodation

Unlock the potential of this fully accredited Grade B student accommodation, perfectly positioned within walking distance of Nelson Mandela University. With immediate income generation and a proven track record, this property offers a compelling investment for those seeking stable and reliable returns.

Key Features and Benefits

- Tenant Profile: Currently housing 7 NSFAS-funded students and 2 private, cash-paying students. Financial statements from current tenants are available upon request.

- Prime Location: A short walk from NMU, ensuring consistent demand year-round.

- Spacious Grounds: Set on a large erf with a partially enclosed entertainment/braai area, offering space for relaxation and socializing. Additional parking is available with room for future expansion if desired.

- Low Maintenance Design: Built for durability and ease of upkeep, making it an...

Unlock the potential of this fully accredited Grade B student accommodation, perfectly positioned within walking distance of Nelson Mandela University. With immediate income generation and a proven track record, this property offers a compelling investment for those seeking stable and reliable returns.

Key Features and Benefits

- Tenant Profile: Currently housing 7 NSFAS-funded students and 2 private, cash-paying students. Financial statements from current tenants are available upon request.

- Prime Location: A short walk from NMU, ensuring consistent demand year-round.

- Spacious Grounds: Set on a large erf with a partially enclosed entertainment/braai area, offering space for relaxation and socializing. Additional parking is available with room for future expansion if desired.

- Low Maintenance Design: Built for durability and ease of upkeep, making it an ideal choice for student living.

Property Specifications

- Bedrooms: 9, accommodating multiple tenants comfortably.

- Bathrooms: 3, designed to suit shared living arrangements.

- Kitchens: 2 – a full kitchen and a convenient kitchenette for added flexibility.

- Living Area: A generous living room that flows seamlessly into the entertainment space.

Why Invest?

With its established tenant base and sought-after location near NMU, this property delivers dependable rental income and long-term growth potential. Whether you're a seasoned investor or entering the market, this opportunity checks all the boxes for success.

Don't Miss Out!

Schedule a viewing today to explore the possibilities of this outstanding investment.

Bedrooms Bedrooms: 9
Bathrooms Bathrooms: 3
Garages Garages: 3
Parking Parking: 3
Furnished Furnished
Garden Garden
Listing number: P24-115382576, Image number: 1
Listing number: P24-115382576, Image number: 2
Listing number: P24-115382576, Image number: 3
Listing number: P24-115382576, Image number: 4
Listing number: P24-115382576, Image number: 5
Listing number: P24-115382576, Image number: 6
Listing number: P24-115382576, Image number: 7
Listing number: P24-115382576, Image number: 8
Listing number: P24-115382576, Image number: 9
Property Overview
Listing Number
115382576
Type of Property
House
Listing Date
06 January 2025
Erf Size
939 m²
Furnished
Yes
Bedrooms
9
Bathrooms
3
Kitchens
2
Garage
3
Parking
3
Gardens
1
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