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R17,500,000

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R29,045 Excl. VAT

Commercial Properties in Pietermaritzburg's Central Business District

We are delighted to present an exceptional opportunity to acquire two commercial properties located in the vibrant Central Business District of Pietermaritzburg. Offering a prime location and an array of versatile features, these properties are perfect for investors seeking income generation or those looking to establish their presence in a bustling commercial hub.

Building 1:

This five-story building boasts a generous lettable area of 1,800 square meters, providing ample space for a variety of commercial or residential purposes. With its mixed-use zoning, the property offers flexibility and opens up opportunities for a range of business ventures. Additionally, the potential for road level retail further enhances the investment prospects. The building also offers 40 undercover parking bays, ensuring convenience and accessibility for both tenants and visitors.

Building 2:

Featuring a total area of 1,380 square meters, Building 2 is currently divided into 690 square meters of occupied office space. This section of the property generates a rental income of R67,000 per month, offering an attractive return on investment. The building is thoughtfully designed with essential amenities including a reception area, two toilets, a kitchen, canteen facilities, and a balcony. With air conditioning throughout the premises, tenants can enjoy a comfortable working environment. The property also includes two boardrooms and a generous number of offices, allowing for versatile utilization or the potential for multi-tenancy. Furthermore, there are 23 undercover parking bays, ensuring ample parking space for occupants.

Both properties benefit from their strategic location in the Central Business District, surrounded by a bustling commercial environment. The district offers excellent connectivity to major transport routes and is in close proximity to essential amenities, including banks, restaurants, retail centers, and government offices.

Don't miss this outstanding investment opportunity to acquire commercial properties in Pietermaritzburg's Central Business District. Whether you are an investor seeking a high-yield income property or a business owner looking to expand, these properties provide a solid foundation for success. Contact us today to arrange a viewing and explore the full potential of these versatile properties.

Features

40
0
Zoning:
Mixed Use
Interior
Air Conditioning
Yes
Exterior
Security
Yes
Sizes
Floor Size
3,000m²
Land Size
1,343m²
Parking Bays
Covered Parking Bays
40

Pietermaritzburg Central, Pietermaritzburg

If you are someone who enjoys the peace and quiet of small-town living with big city convenience, then Pietermaritzburg is the place for you. It is the capital of South Africa and the second-largest city in KwaZulu-Natal. Commonly abbreviated to the term PMB or Maritzburg in Afrikaans, this well-loved city offers a comfortable work-life balance for its locals.  A brief history of the area  The city...
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Take a trip to the picturesque Cumberland Nature Reserve
Pietermaritzburg is a city with lush green landscapes, a variety of animal life and an abundance of wild and indigenous flora. The Cumberland Nature Reserve is located to the east of Pietermaritzburg and is a sprawling...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

248,551.55

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