CBD Portfolio, 233-239 Govan Mbeki, Port Elizabeth Central
Extent: ± 1 261 m² | Gross Building Area: ± 1 900 m² | Zoning: Business 1 | Additional vacant land: ± 4 024 m²
These properties border the largest municipal buildings in the city, which houses over 2000 municipal employees. The city's largest Central Taxi rank and Train Station are adjacent to these properties. Port Elizabeth is currently seeing a large re-development of admin buildings in the CBD being converted to student accommodation, which makes these properties very desirable.
In addition this portfolio of properties includes a large vacant stand positioned immediately next to the municipal buildings, which often experience a shortage of secure parking. This vacant Business 1 site is the last vacant site in the Port Elizabeth CBD of its nature and potential.
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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