Positioned in Gqeberha Central, this character-filled heritage property presents an exciting opportunity for investors and developers looking to capitalise on the strong demand for student accommodation in the area.
The property comprises a substantial 542m2 commercial building, together with an additional adjoining parcel of land which offers further development potential. Plans for improvements to the additional land are available, providing an opportunity to unlock additional accommodation or supporting facilities, subject to the necessary approvals.
The existing building retains a number of its original heritage features and fittings, adding character and architectural appeal while offering scope for refurbishment and conversion to suit a modern student accommodation concept.
Key Features:
542m2 existing building
Additional adjoining plot of land
Plans available for improvements to the additional land
Heritage building with original fittings and character features
Excellent potential for student accommodation conversion
Situated within an established student housing node
Convenient access to public transport and readily available transport services
Close to amenities and services within Gqeberha Central
Opportunity to create additional accommodation through redevelopment of the adjoining land
Suitable for investors, developers or owner-occupiers seeking a property with redevelopment potential
The property's location is a key advantage, with student accommodation already established within the surrounding precinct and transport readily accessible, making it particularly well positioned to serve the student market.
This is an opportunity to acquire a character commercial property with significant redevelopment potential, combining an existing heritage structure with additional land that could allow for the expansion of the accommodation offering.
