Property description

Situated in the established suburb of Northern Park, Pietermaritzburg, Park Haven presents an attractive investment opportunity comprising a well-maintained sectional title block with a combination of commercial and residential units.  

The Park Haven sectional title scheme consists of 15 sections, including eight commercial units comprising offices and shops, six residential apartments, and a communal foyer. The property is exceptionally well maintained, with all but one of the commercial units currently tenanted, offering an established rental income stream with further potential to maximise returns.  

The building offers secure, covered off-street parking for the residential apartments, as well as ample parking in front of the block, providing convenient access for tenants, clients and visitors.  

Adding further value to this offering, Park Haven is being sold together with the neighbouring property at 45 Macleroy Road. This property comprises a three-bedroom house that has been zoned for commercial use, presenting additional opportunities for business accommodation, professional offices or other suitable commercial applications and is currently tenanted.  

The combined properties offer an appealing opportunity for investors seeking a diversified income-producing asset, with a blend of commercial and residential tenancies, additional development or usage potential, and an established presence in a convenient Pietermaritzburg location.  

A versatile investment opportunity combining established rental income with future growth potential.  

Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.