Property description

Positioned directly on the beachfront in sought-after Humewood, Gqeberha (Port Elizabeth), this is a rare opportunity to acquire a fully developed, income-ready apartment block in one of the city’s most prominent coastal locations.

Properties of this scale and position on Beach Road seldom become available. With uninterrupted proximity to the oceanfront promenade, beaches, restaurants, and tourism amenities, the location alone sets this asset apart as a long-term strategic coastal holding.

THE ASSET

The property comprises a fully built and operational apartment block configured for short-term, holiday, student, or corporate accommodation. The building includes multiple self-contained units, communal infrastructure, and on-site operational facilities, making it suitable for continued accommodation use or future repositioning.

A rooftop swimming pool crowns the building, with additional rooftop space offering exceptional potential for future enhancements such as a leisure deck, entertainment area, or hospitality-related use (subject to necessary approvals).

Additional features include:

* On-site reception and administrative area

* Fully equipped laundry facilities

* Security systems and access control

* Service infrastructure to support ongoing accommodation operations

* Limited off-street parking bays

* Ease of access from main transport routes and beachfront arterials

BUSINESS USE & CONTENT

The property is currently operated as short-term and holiday accommodation and has historically attracted a strong and consistent guest base due to its premier beachfront position.

Important Notice:

The sale pertains strictly to the immovable property and its physical improvements. The transaction is not structured as the sale of a business, nor does it include turnover figures, financial records, or trading books. No representations are made regarding past or future income.

However, all existing furniture, fittings, equipment, and operational contents presently within the building are included in the sale, allowing a purchaser to continue operating the property for accommodation purposes if desired.

Income potential will depend entirely on the purchaser’s chosen management model, operating strategy, and market approach.

INVESTMENT HIGHLIGHTS

Irreplaceable beachfront position

High-demand tourism and accommodation node

Fully developed building with operational infrastructure

Rooftop pool and future value-add potential

Multiple accommodation strategies possible

Rare opportunity to secure a coastal block in a tightly held area

This is a strategic property acquisition in a prime coastal strip where supply is extremely limited and long-term fundamentals remain strong.