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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 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.
 
 
    THE BROKER / AGENT DETAILS
Contact     Gavin  Parkins
Brokerage     Seeff Amanzimtoti, Commercial/ Industrial Division.
Located in     Amanzimtoti
eMail     - not displayed -  
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