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1,200m² Apartment Block For Sale in Kensington
R5,999,000
Web Ref No CL277
Income generating property!
This is a One-off-a-kind opportunity not to be missed by all investors!! This mixed-use property is on Larch Avenue, just off Kempston Road, and known as Van’s Building on the periphery of Mercantile Hospital, Aspen Pharmacare, and Commercial Road.
Newly renovated windows, not a cent to be spent with low maintenance.
The building is neat and well-maintained and offers 5 retail shops and 5 spacious flats that have long-time tenants (Building fully tenanted)
This location offers prime exposure and signage opportunities, making it an ideal retailer's choice.
4 x 2 Bedroom Flats, renovated with secure parking.
1 x Bachelor Flat with secure parking.
5 x Shops (Wedding Shop (Double Storey), Food Café, Spaza Shop, Aluminium Shop and an Upholstery Shop )
1 x Outbuilding (Let Out)
1 x Storeroom (Let Out)
It is a triple-storey building including the basement area and was thoughtfully designed to accommodate retail offerings on the ground floor with residential units on the top floor.
There are secure parking bays for the flat tenants and ample parking bays in front of the shops, which ensures convenience for tenants and visitors.
This is an exceptional opportunity for those seeking a good investment in Port Elizabeth’s dynamic market.
To summarise, this property offers a prime location with proximity to major business areas, versatile space, ample parking, good monthly income, excellent security, and is fully tenanted.
Zoning: Business 1
Erf Size: 1008m2
Approx Floor Area: 1200m2
3 Phase Electricity
Pre-Paid Meters
CCTV Cameras
Electric Fencing
2 x JOJO tanks
Additional information is available upon request.
Every effort has been made to ensure the content of this advert is correct, however, no responsibility will be borne for any errors or omissions it may contain.
Newly renovated windows, not a cent to be spent with low maintenance.
The building is neat and well-maintained and offers 5 retail shops and 5 spacious flats that have long-time tenants (Building fully tenanted)
This location offers prime exposure and signage opportunities, making it an ideal retailer's choice.
4 x 2 Bedroom Flats, renovated with secure parking.
1 x Bachelor Flat with secure parking.
5 x Shops (Wedding Shop (Double Storey), Food Café, Spaza Shop, Aluminium Shop and an Upholstery Shop )
1 x Outbuilding (Let Out)
1 x Storeroom (Let Out)
It is a triple-storey building including the basement area and was thoughtfully designed to accommodate retail offerings on the ground floor with residential units on the top floor.
There are secure parking bays for the flat tenants and ample parking bays in front of the shops, which ensures convenience for tenants and visitors.
This is an exceptional opportunity for those seeking a good investment in Port Elizabeth’s dynamic market.
To summarise, this property offers a prime location with proximity to major business areas, versatile space, ample parking, good monthly income, excellent security, and is fully tenanted.
Zoning: Business 1
Erf Size: 1008m2
Approx Floor Area: 1200m2
3 Phase Electricity
Pre-Paid Meters
CCTV Cameras
Electric Fencing
2 x JOJO tanks
Additional information is available upon request.
Every effort has been made to ensure the content of this advert is correct, however, no responsibility will be borne for any errors or omissions it may contain.
Features
Zoning Commercial
Monthly Rates R5,935.00pm Excl. VAT
Floor Size 1,200m²
Land Size 1,008m²
Security Yes
Monthly Rates R5,935.00pm Excl. VAT
Floor Size 1,200m²
Land Size 1,008m²
Security Yes
Broker Contact Details
Talana Foot
Principal Property Practitioner
Registered with PPRA
(FFC 114 313 2)
Cell 082 459 3369
Office (041) 3602455
WhatsApp Me
Principal Property Practitioner
Registered with PPRA
(FFC 114 313 2)
Cell 082 459 3369
Office (041) 3602455
WhatsApp Me
Message the Agent
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