This property is on a huge erf and is situated on the border of Walmer suburb in the midst of a a commercial node. Due to the that, the comparable valuation is valued at R1,8million and one would therefore be buying at below market valuation.
Possible options to consider;
1) flatten the main house and put up a warehouse or commercial building.
2) Add flatlets 3-5 additional flatlets behind the property for additional income.
3) Put up a low cost housing complex or sectional title scheme.
Easy access to main road access
Close to sought after schools
2 Large shopping centres in area
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Property Information & Features
- Property Type
- Listing Type
- For Sale
- Walmer, Port Elizabeth
- R 850,000 · Get Pre-Qualified
- Price per m²
- R 748
- Floor Size
- 139 m²
- Erf Size
- 1137 m²
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