1 220 m² Commercial space in Humewood

This sought after holiday apartment block is located on the beautiful beachfront of Port Elizabeth in Humewood.

Directly across the road from MacArthur''s Pool, King''s Beach and the many popular Beachfront restaurants and bars that are in easy walking distance and a safe environment.

The building is currently zoned for RES3F, allowing for holiday reservations and rentals.

INCOME SPREADSHEET AVAILABLE

MAINTENANCE REPORT AVAILABLE

SELLER CONVEYANCER OTP DRAWN UP

The block is accessed from the back entrance in Humewood Road, with a total of 33 rooms and 77 beds in total, on the ground, 1st and 2nd floor. Rooms are made up of Bachelors, 1 Bedroom and 2 Bedrooms. 9 of the 2 bedroom apartments are sea facing with their own balcony.

** In total - 22 Apartments, with an additional Manager''s bachelor apartment with bathroom and kitchen on the top floor next to the Laundry, 2 offices, reception, laundry room, 3 store rooms.

On the top floor the exit doors leads to the roof top surrounded by glass paneling and a space to utilize for outdoor entertainment incorporating the easy to maintain splash pool and stunning views overlooking Kings Beach and Beach Road, Humewood.

Also located at the top is the large laundry room servicing all the rooms, as mentioned. Fitted with 4 Speed Queen washing machines, and an inverter for power back up. The block is also fitted with solar panels on the roof top saving on electricity.

Within the secure gates there are parking bays (max 4) and 2 braai''s, and also 5 at the back entrance for residents use, as well as parking bays alongside the building.

Each room is stylishly furnished and fully equipped with tasteful decor and attention to detail, giving the visitor a home away from home experience and offering an equipped kitchen for the self-catering option, especially popular with families and sporting groups and a large repeat business client base. Newly upgraded kitchens and bathrooms.

Security includes CCTV cameras and offices and reception with intercom access through the remote gate. Vending machines are also located in the reception area for your convenience.

This property is in high demand and offers the investment buyer a sound opportunity to grow your portfolio in one of South Africa''s BEST kept secret''s, Gqeberha, known as The Friendly City. Many repeat guests including the Iron man contestants and staff, Tour Groups, International students, popular with school groups and national and international artists, and peak holidaymakers.

The SELLING PRICE is R 22 Million and is sold as a going concern, VAT is applicable, but can be zero rated.

All furniture and equipment is included in the sale.

Trained staff and Management with years of experience have served many happy visitors over the years.

PowerPoint presentation available on WhatsApp.

I look forward to assisting you and also offering the services of our business partners, BETTERBOND, that is able to assist you with expert service for the application process to obtain your financing to secure this property.

Financials can be produced on request for serious buyers only.