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Pietermaritzburg Central, Pietermaritzburg Central, Pietermaritzburg, KwaZulu-Natal
R 5 000 000
Positioned on a prominent main street location in the bustling heart of Pietermaritzburg, this exceptional multi-storey property presents a rare opportunity for investors, entrepreneurs, and property developers seeking excellent income-generating potential. The main building offers generous accommodation across multiple levels. The ground floor welcomes you with a spacious open-plan lounge area, creating a versatile space suitable for residential, commercial, or mixed-use purposes. The second floor features four well-sized bedrooms and four bathrooms, with two of the bedrooms opening onto private balconies, providing elevated views and an abundance of natural light. On the third floor, you'll find an additional two bedrooms, a bathroom, and a fully functional kitchen. One of the bedrooms enjoys access to a balcony, adding to the property's appeal and flexibility. Further enhancing the value of this remarkable property is a separate outbuilding comprising 12 bachelor flats , offering outstanding rental income potential and making it an attractive proposition for savvy investors looking to expand their portfolio. Additional features include: ? Prime main street location in Pietermaritzburg Central ? Multi-storey building with versatile accommodation options ? 6 Bedrooms and 5 Bathrooms in the main building ? Multiple balconies ? Separate outbuilding with 12 bachelor flats ? Parking for approximately 10 vehicles ? Excellent visibility and accessibility ? Strong rental and development potential Whether you're looking to establish a residential rental enterprise, student accommodation, a guesthouse, or a mixed-use development, this strategically positioned property offers endless possibilities in one of Pietermaritzburg's most sought-after central locations
Estimated monthly repayment
R 47 217
on a R 4 500 000 bond over 20 years at 11.25%
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Pietermaritzburg Central, Pietermaritzburg Central, Pietermaritzburg, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Listed by
Grace Brown
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