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R6,400,000

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R2,400 Excl. VAT

Investment Property in PMB Central

Currently Zoned Residential This expansive property in Pietermaritzburg Central presents an outstanding investment opportunity, ideal for a range of business applications. The property features two primary office buildings on separate erfs, alongside additional accommodation options that offer versatile rental potential.

Main Building 1 (Newly Renovated):
• Purpose: Ideal for medical professionals, this building has been recently renovated to high standards.
• Reception Area: A welcoming space that sets a professional tone for visitors.
• Office Layout: Comprises four spacious offices designed to support various business operations.
• Additional Spaces: Includes a versatile room usable as additional office space or for storage.
• Amenities: Equipped with two bathrooms and a kitchen to accommodate daily needs.

Main Building 2 (Renovation Potential):
• Current State: Awaiting minor renovations, this building offers huge potential to be customized according to the buyer's needs.
• Possible Setup: Can be configured similarly to Main Building 1, making it perfect for expanding operations or diversifying use.

Rental Accommodation:
• Variety of Units: This property includes a range of rental options:
• Large Room: Spacious room for a tenant.
• 9 Units: Each with individual toilets and showers, providing privacy and convenience.
• 4 Units: Currently sharing a communal bathroom. These could be easily modified to include private bathrooms, enhancing appeal and rental value.
• Communal Facilities: Features a communal bathroom equipped with two showers and a toilet, serving the shared units.

Located in a good area of Pietermaritzburg, this property not only offers direct business potential but also acts as a lucrative investment with multiple income streams. Its flexible accommodations and location make it a unique opportunity in a key urban centre.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
780m²
Land Size
1,792m²
Extras
24 Hour Access

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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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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MONTHLY REPAYMENTS

 

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Monthly Payment

90,898.85

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