Student Accommodation Facility - Port Elizabeth

AUCT-001576 | On Auction

Student Accommodation Facility - Port Elizabeth

22 Prince Alfred Road, North End, Port Elizabeth, Eastern Cape

Student Accommodation Facility. 22 Prince Alfred Road, North End Port Elizabeth

Extent: ± 9 642 m² |GBA: ± 3 208 m² | Student Accommodation | ± 128 Beds | 14 Separate-garden cottages | Zoning: Business 3


Take advantage of the amazing rental returns associated with the student accommodation market.

Port Elizabeth is currently experiencing a shortage of good quality student accommodation which makes this facility even more attractive.

The property is ideally situated to attract students from the various University campuses in and around Port Elizabeth, namely the Nelson Mandela University, Vista University, Missionalvale Campus and Medical Campus.

This facility is positioned on a large secure site with good security and spacious grounds for students to enjoy the gardens and fresh air surroundings.

The property layout is in a way that the main dwelling offers various sharing rooms with a large dining hall/entertainment area and gymnasium. Nestled between the trees are 14 separate cottages, made up of bachelor and 3-bedroom units.

Prior to the property being converted to a student residence in 2012, it was home to an old age home, which allows the property to be easily converted back to a similar facilty should a purchaser want to do so.

Residential Type:
Apartment Block
Web Reference:
AUCT-001576
List price:
POA
Address:
22 Prince Alfred Road, North End, Port Elizabeth, Eastern Cape
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
08 December 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 08 December 2021 11:00:00am


Brad Dowlman
                                                         In2assets Representative

Property Agent


Brad Dowlman
Show number
[email protected]


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