Commercial For Sale in Walmer, Port Elizabeth

ref# 1583
Asking Price : R 2 500 000 (166 666 EUR*)

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Province:Eastern Cape City:Port Elizabeth Suburb:Walmer Floor Size: ± 300m2

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Prime site on Main Road Walmer, For Sale

Large home for R 1.8 million

The property is situated on a 1400m2 erven and is ideal for offices – it is currently in the process of being rezoned to BUS 2 that will allow for offices/retail businesses. It is situated near 6th Avenue and has great potential for any investor that can for see the possibility of renovating it for a client, currently the rates for office/retail space are between R 85 – R 120/m2 on Walmer Main Road. This space has approximately 300m2 under roof, with some renovation the potential investor could receive a return of around 15 %

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