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.