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R4,230,000 | 17 Bedroom House For Sale in Summerstrand

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R4,230,000

32 Ivana Street, Summerstrand, Port Elizabeth

Monthly Bond Repayment R44,383.52
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R7,629.33

Versatile Investment Opportunity with Endless Potential

Unlock the possibilities with this thriving property, currently operating as fully occupied student accommodation. With a consistent monthly revenue of approximately R52,000, it’s ready to generate returns from day one—or transform it into a charming bed and breakfast, boutique hotel, or tranquil spa retreat.

The property features 13 well-appointed rooms, each with private entrances for ultimate tenant privacy. The main house complements this setup with four generously sized bedrooms, two full bathrooms (including a jacuzzi-en-suite), a fully equipped kitchen, spacious lounge, and dining area—perfect for hosting or expanding the current business model.

Outdoor highlights include a robust carport, advanced security systems, a borehole with ample water storage, and reliable 3-phase electricity. Plus, with Wi-Fi infrastructure already in place, it’s designed for modern convenience.

Strategically located near major routes, top schools, Nelson Mandela University, and just minutes from the beach, this rare gem offers unparalleled accessibility. Whether you’re an investor or visionary entrepreneur, this property is your blank canvas for success.

Seize the opportunity to bring your vision to life!

Features

17
6
Pets Allowed
Yes
Interior
Bedrooms
17
Bathrooms
6
Kitchen
2
Reception Rooms
2
Furnished
No
Exterior
Security
No
Parkings
8
Pool
No
Sizes
Floor Size
600m²
Land Size
1,064m²
Extras Alarm System ; Smoking Allowed ; Spa Pool ; Borehole ; Garden ; Paveway ; Plaster finishes ; 1 x outside shower ; 3 x JoJo tank ; Storeroom
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-34.0033555, 25.6640214
Shaun Wessels
Shaun Wessels
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