1200 m² Apartment Block For Sale in Kensington

Fully Renovated Commercial Building in Steytler, Port Elizabeth Full Occupancy with an income of +/- R68 000 pm

This is a One-Of-A-Kind opportunity not to be missed for all investors!!
This mixed-use property is on Larch Avenue, just off Kempston Road, and known as Van's Building on the periphery of Mercantile Hospital, Aspen Pharmacare, and Commercial Road. Newly Renovated New windows not a cent to be spent with low maintenance needed.
The building is neat and well-maintained and offers 5 retail shops and 5 spacious flats that have long-time tenants (Building fully tenanted) This location offers prime exposure and signage opportunities, making this an ideal choice for retailers.

x4-2 bedrooms Renovated with Secure Parking
x1 - Bachelor Flat with Secure Parking
X5- Shops ( Wedding Shop Double Storey, Food Caf?, Spaza Shop, Aluminium Shop and a Upholstery Shop )
X1 -Outbuilding (Let Out)
X1-Storeroom (Let Out)
The building itself is a triple storey in nature (basement area) and was thoughtfully designed to accommodate retail offerings on the ground floor with residential units on the upper floor.
With secure parking bays for the flat tenants and ample parking bays in front of the shops, it ensures convenience for tenants and visitors. This is an exceptional opportunity for those seeking a good investment in Port Elizabeth's dynamic market.
To summarise - this property offers a prime location with proximity to major business areas, versatile space, ample parking, good monthly income, excellent security, and fully tenanted.
Zoning: Business 1
Erf Size: 1008m2
Approx. Floor Area: 1200m2
3 Phase Electricity
Pre-Paid Meters
CCTV Cameras
Electric Fencing
2 x JOJO tanks
Additional information is available upon request.
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