Apartment Block for sale in Cannon Hill, Uitenhage, 728 m²
Cannon Hill, Uitenhage, Eastern Cape
Apartment Block
ZAR 1,400,000
- 21 bedrooms
- 8 bathrooms
- 728 sqm
- 1,212 m² plot
Positioned on a expansive erf with massive add-value potential, this versatile commercial property presents a lucrative opportunity for astute investors targeting student accommodation, multi-tenant residential lets, or high-density rental units. Property Highlights Dual-Building Layout: 2 separate multi-room buildings. Capacity: 22 bedrooms total (11 rooms per building). Ablutions: 8 bathrooms total (4 bathrooms per building). Current Holding Income: Generating R30,000 per month in existing rental yield. Utilities: Municipal water and electricity accounts are fully up to date. Value-Add & Development Potential Renovators Delight: Capitalize on the need for cosmetic and structural updates to overhaul the space, optimize room layouts, and command premium rental rates. Massive Expansion Space: Ample vacant land on site provides immediate potential to build additional apartment blocks, units, or high-density student housing. Tenant Amenities: Generous open grounds with clear allocation room to construct covered tenant carports and secure parking structures. Ideal Investment Fits High-density student housing facility Multi-tenant residential apartment conversion Co-living or worke…
