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R25,000,000

R25,000,000

528m² Business For Sale in Pietermaritzburg Central
162 Pitermaritz Street
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Investment Opportunity

Web Ref. CL2050
Floor size 528.00 m²
Monthly Bond Repayment
R238,080.84
Discover this prime commercial property currently serving as student accommodation, generating a robust rental income of R280,000 per month through contracts with local universities. The property features a total of 32 bedrooms, including 39 double occupancy rooms, catering to 70 students in total.

Amenities include a resident assistant room and a student representative council room, along with spacious male and female facilities. The property is equipped with 24/7 security, secure parking, dedicated study areas, a reliable inverter system, and comprehensive CCTV coverage.

This well-equipped property presents an excellent investment opportunity in a quiet environment, ideally situated in the heart of the city.
Monthly Rates R7,071.15

Features

Zoning
Commercial
Sizes
Floor Size 528 m²
Listing Info
Date Listed 22-10-24
Time Listed 17:55

Pietermaritzburg Central, Pietermaritzburg

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