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Student Accommodation In Pe For Sale

Port Elizabeth, Eastern Cape, South Africa
Asking Price:
R4,500,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

The Central Area of Port Elizabeth certainly possesses an old-world charm.
The architecture and character of the beautiful old houses in the area, the wooden floors, high ceilings and classic “quirkiness” found in the homes in Central lend themselves to creativity.
Central is not called central for no reason. Everything is always just five minutes away. Whether you need to pop to town, the university, the beachfront, Newton Park or Walmer, for shopping, errands, work or play, everything is just a few minutes’ drive away.”

These two beautiful properties are sold as one : number 1 and 3 Belmont Terrace
Total number of students 27
Total number of bedrooms 16
Total number of bathrooms 11
2 Living areas
Security is a priority with CCTV cameras and Alarm System with armed response.
These properties are university accredited and fully occupied. Financials available.
The properties are furnished according to university requirements and include good wifi and linen for each student.
Electricity is prepaid and water restrictors have been installed. There are two water tanks for emergencies.
The properties are serviced and kept clean regularly.

No 1 Belmont Terrace has been totally renovated to house 14 students
Zoning is Business 1.
On the ground floor:
Kitchen to service this level
2 x Double share rooms
1 x Share with a shower, basin, toilet en-suite
1 x Single room
1 x Separate Shower, Basin, Toilet
The beautiful renovated wooden staircase leads one onto the top floor.
On the Second floor:
Kitchen to service the upper level
1 x Share room with a shower, basin, toilet en-suite
2 x Share rooms
1 x Single room with a shower, basin, toilet en-suite
1 x Separate Shower, Basin, Toilet
BACKYARD
There is a basement laundry with two washing machines
Common Room / TV Room with wooden floors
Outside Toilet
Braai area and undercover entertainment room
Water Tank

No 3 Belmont Terrace has been totally renovated to house 13 students
Zoning is Mixed Usage
On the ground floor:
Kitchen to service this level
2 x Double share rooms
2 x Single with a shower, basin, toilet en-suite
1 x Separate Shower, Basin, Toilet
Store room below the stairs
The beautiful renovated wooden staircase leads one onto the top floor.
On the Second floor:
Kitchen to service the upper level
1 x Share room with a shower, basin, toilet en-suite
1 x Share room
1 x Single room
1 x Separate Shower, Basin, Toilet
BACKYARD

Property Information

Real Estate:

Real Property Included