- 5
- 844 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 2961.00
Property description
Located on a bustling street in the heart of Pietermaritzburg's central business district, this commercial property offers a rare opportunity for investors seeking strong rental returns and multiple income streams.
Property Features:
1. Street-Facing Shops:
The front of the building boasts two well-positioned retail spaces currently tenanted by a sewing shop and an upholstery business. One of the shops is equipped with a kitchen at the rear—ideal for expanding business operations or accommodating tenant needs.
2. Self-Contained Outbuilding:
Behind the shops lies a complete one-bedroom flatlet, featuring a lounge, kitchen, and bathroom—perfect for staff accommodation or additional rental income.
3. Communal Amenities:
Two separate toilets service the commercial units, ensuring convenience for tenants and customers alike.
4. Rental Units:
Further back on the property are eight one-room units , each fitted with a kitchenette, and access to four shared bathrooms . These units offer excellent potential for student housing, low-cost rental accommodation, or staff quarters.
5. Spacious Upstairs Flat:
The upper level hosts a generously sized 4-bedroom, 3-bathroom flat , complete with an open-plan lounge and dining area, a spacious kitchen, and a wraparound balcony. Fully tiled throughout, this unit is ideal for an owner-occupier, large family, or additional high-yield rental.
Additional Notes:
• The property is fully tenanted, generating consistent monthly income.
• Financial details and rental income breakdown will be disclosed exclusively to serious buyers upon request.
Don't miss out on this versatile property with massive income potential in a high-footfall area.
Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.
Property Details
- 5 Bathrooms
Property Features
- Street Facing Shops
- One Bedroom Flatlet
- One Room Units
- Shared Bathrooms
- Four Bedroom Flat
| Bathrooms | 5 |
| Erf Size | 844 m2 |
