Glorious heritage investment property in Pietermaritzburg CBD. - KWAZULU-NATAL / Pietermaritzburg

info@brokerjunction.co.za
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BJ Agent Ref: 2601

Property Datasheet

THE PROPERTY

Property Title

Glorious heritage investment property in Pietermaritzburg CBD.

Full Description

This is an opportunity to own 2 x solid rental income properties on the same erf.
Both buildings are protected by the KZN Heritage act of 1977.
These are both the previous premises of the YWCA and the head mistress mansion.
Extent of property 2911m2. Total gross building area; 1601m2. 140m2 covered carports. 54m2 staff quarters. 2 x ‘stable’ offices, garage and storeroom 84m2 (excluding verandah of 24m2). Maintenance manager’s cottage 76m2.
48 x demarcated parking bays of which 9 x are covered.

Gross combined monthly yield, approx R113 000.00, nett R78 400.00.
Asking 9,5M Excluding VAT.
A relatively current, comprehensive independent appraisal is on file.

Property Type

Commercial

Broker Ref: 2332632

Total Size

2911 square metres

B.Junction Property Ref: 1882

Area Location

KWAZULU-NATAL / Pietermaritzburg

Extra Information
on the Location

Situated on a busy intersection in the CBD, linking the Northern and Southern suburbs and Eastern and Western areas of the city respectively. High degree of visibility to passing and foot traffic.

SALE Details

Asking Price

R 10 830 000 (excl. VAT)

Sale Terms

Inclusive of VAT.
Commission calculated at SAPOA rates.