Property description

Exceptional Mixed-Use Commercial Property in Mount Croix 

Discover a unique investment opportunity at Clevedon Road 14, Mount Croix, Port Elizabeth. 

This exceptional mixed-use property, classified as Business Zone 1, seamlessly combines commercial potential with residential comfort, making it a true gem in a metropolitan and suburban setting. 

With an attractive gross yield of 13% and achieved income of R24,050 per month, this property presents a compelling proposition for discerning investors. 

The building boasts charming Edwardian architecture, with its heritage features meticulously retained, offering a distinctive aesthetic appeal. 

Spanning a generous 210m² of lettable area, the property comprises two versatile commercial units (UNIT 1 + UNIT 2) alongside two independent residential units. 

The residential accommodation features three well-proportioned bedrooms, 2 bathrooms, and two kitchens, catering perfectly to dual living arrangements or additional rental income streams. 

Situated on a 501m² erf, this property provides ample space and functionality. A significant advantage is the provision of five dedicated parking spaces, a valuable asset in any commercial or residential location. 

Its strategic position in Mount Croix (on the border of Mount Croix and Richmond Hill), ensures excellent accessibility and visibility, enhancing its appeal for both business operations and residential tenants. This is a prime opportunity to acquire a versatile asset with strong income generation in a desirable area. 

Unit 1

84m² , Possible rental: R8,500 

Made up of three spaces. Previous tenants - restaurant and Olive shop. Kitchenette and grease drip tray in place. 

Unit 2

29m² , Possible rental: R3,500 

Currently used for a workshop/additional parking. Toilet installed. 

Parking space behind two secure gates for up to five vehicles 

Flat 1

44m² 

One bedroom with built in rails and shelves 

Separate toilet, basin and shower with washing machine connection 

Beautiful renovated modern kitchen with open plan living area opening to the garden courtyard 

Flat 2

56m² 

Kitchenette with gas hob 

Spacious open plan living area 

Master bedroom with en-suite shower and study nook 

Second smaller room which can serve as a second bedroom or an office space  

Key Features

• Mixed-Use Property (Business Zone 1)
• Two Commercial Units & Two Residential Units
• Current Income: R24,050/month | Gross Yield: 13%
• Edwardian Architecture with Retained Heritage Features
• 210m² Lettable Area on 501m² Erf
• Three Bedrooms, 2 Bathrooms, Two Kitchens
• Five Dedicated Parking Spaces
• Prime Mount Croix Location