Commercial space in Pietermaritzburg Central

Located on a bustling street in the heart of Pietermaritzburg''s central business district, this commercial property offers a rare opportunity for investors seeking strong rental returns and multiple income streams.

Property Features:

1. Street-Facing Shops:

The front of the building boasts two well-positioned retail spaces currently tenanted by a sewing shop and an upholstery business. One of the shops is equipped with a kitchen at the rearideal for expanding business operations or accommodating tenant needs.

2. Self-Contained Outbuilding:

Behind the shops lies a complete one-bedroom flatlet, featuring a lounge, kitchen, and bathroomperfect for staff accommodation or additional rental income.

3. Communal Amenities:

Two separate toilets service the commercial units, ensuring convenience for tenants and customers alike.

4. Rental Units:

Further back on the property are eight one-room units , each fitted with a kitchenette, and access to four shared bathrooms . These units offer excellent potential for student housing, low-cost rental accommodation, or staff quarters.

5. Spacious Upstairs Flat:

The upper level hosts a generously sized 4-bedroom, 3-bathroom flat , complete with an open-plan lounge and dining area, a spacious kitchen, and a wraparound balcony. Fully tiled throughout, this unit is ideal for an owner-occupier, large family, or additional high-yield rental.

Additional Notes:

The property is fully tenanted, generating consistent monthly income.

Financial details and rental income breakdown will be disclosed exclusively to serious buyers upon request.

Don''t miss out on this versatile property with massive income potential in a high-footfall area.

Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.

HENWOOD AND KATZ REAL ESTATE (PTY) LTD trading as RE/MAX Midlands (Pietermaritzburg) operates in terms of a franchise agreement with RE/MAX of Southern Africa.