Property description

Prime Location in the Raisthorpe CBD

This property is situated at 604 Chota Motala Road, which forms part of the Raisthorpe Central District (CBD) in Pietermaritzburg. The property can be accessed from the N3 highway, by taking the Chota Motala (R33) off-ramp.

On a Macro Scale, the property is located in the CBD of Raisthorpe / Allandale. This area experiences a great deal of traffic, especially along Chota Motala Road, which makes it a sought after location in terms of a Commercial Investment. Its situation on the main road offers excellent roadside exposure and provides the resident businesses excellent exposure and passive advertising.

On a Micro Scale, the property is conveniently located between the Commercial and Residential Areas of Raisthorpe, Allandale, Newholmes, and Northdale. The building is located in close proximity to the four major banks and directly across from the Daymed Private Hospital.

Secure on-site parking is provided for tenants occupying the rental units. There are parking bays allocated in front of the building for customers. The area in front of the building also provides plenty of Road-side parking. The anchor tenants have been on the premises for a number of years and contributed to the complex becoming a land-mark building. The commercial tenant mix consists of –
• A Pharmacy
• Doctors Surgeries
• Physiotherapist Rooms
• Estate Agency Firm
• 10 Residential units – 4 One Bedroom and 6 Two Bedroom Units
Please note that each rental unit including the shops have separate Municipal meters and are billed individually.
All tenants are on a month to month lease. New long term Leases can be negotiated by the new Owners after the date of registration of transfer.

Zoning: Commercial

All viewings are strictly by appointment. Commercial Properties in the Raisthorpe CBD rarely come on the market. This is a once in a lifetime opportunity to secure a Prime Property with huge potential.