House For Sale

Ref # Ent0182939 : Walmer , Port Elizabeth , Eastern Cape

R 850,000

Property Description

This property is on a huge erf and is situated on the border of Walmer suburb in the midst of a a commercial node. Due to the that, the comparable valuation is valued at R1,8million and one would therefore be buying at below market valuation.

Possible options to consider;

1) flatten the main house and put up a warehouse or commercial building.

2) Add flatlets 3-5 additional flatlets behind the property for additional income.

3) Put up a low cost housing complex or sectional title scheme.

Amenities

Easy access to main road access

Close to sought after schools

2 Large shopping centres in area

Call to arrange your private viewing now!

Property Features

  • Property Type House
  • Beds 3
  • Bath 1
  • Building Size 139m²
  • Stand Size 1,137m²
  • Rates & Taxes ± 668

Property Location