Ex Greenbushes Hotel, Erf 2183 Greenbushes, Corner of Seaview Road & Old Cape Road, Port Elizabeth
Extent: ± 6 410 m² | GBA: ± 948 m² | Gross Annual Income: ± R504K | Zoning: Special Use
This commercial/Retail site which was formerly run as the Greenbushes Hotel many years ago has been converted to various rental spaces which currently accommodates a Liquor Store,Sports Bar and Convenience Stores with an FNB on the ground floor.The first floor has been converted to short term accommodation units in the form of a lodge.
Although the property has satisfactory rental incomes, the property would lend itself to a re-development in the future. The site is situated on the ever busy Old Cape Road in Greenbushes which has seen huge growth in the industrial development side of late with various large scale warehousing being developed and with more in the pipeline.
Port Elizabeth is one of the largest cities in South Africa, situated in the Eastern Cape Province, 770 km (478 mi) east of Cape Town. The city, often shortened to PE and nicknamed "The Friendly City" or "The Windy City", stretches for 16 km along Algoa Bay, and is one of the major seaports in South Africa. Port Elizabeth is the southernmost large city on the African continent, just farther south than Cape Town. Port Elizabeth was founded as a town in 1820 to house British settlers as a way of strengthening the border region between the Cape Colony and the Xhosa. It now forms part of the Nelson Mandela Bay Metropolitan Municipality, which has a population of over 1.3 million.
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