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42 Bedroom Apartment Block For Sale in Pietermaritzburg Central

R12,500,000


Monthly Bond Repayment R135,463.38
Calculated over 20 years at 11.75% with no deposit.

Web Ref No ULR4867
Prime Investor choice in City Centre

Pietermaritzburg is a growing developing city with many seeking accommodation and business opportunities especially in the city centre. A rare opportunity seldom appears for those within the price bracket to grab on a deal to purchase.

This opportunity sits in lower end of Church Street in the business district that's allows mix use of both residential and commercial use. The property comprises of twenty-five residential unit each with Kitchen, lounge and ablution facilities. The units are made up with bachelor pad, two bedroom and three-bedroom units. Ground floor has commercial use to attract the high foot traffic that pass by daily.

The property details will be treated discretely and will be shared to pre-approved qualified buyers who are bank guaranteed. The property is fully occupied and has great opportunity to upgrade and modernise the units internally. This should ensure longevity of existing tenancy and enhance the value of the property.

Existing Tenancy have Leases to safeguard a rental and potential future income for a set period. Any potential purchaser within the price bracket should call to arrange a private meeting to discuss further. Please no chances for property details......Make the call if you are in the bracket to purchase.

Features

Bedrooms 42
Bathrooms 25
Recep. Rooms 25
Monthly Rates R10,000.00

Agent Contact Details

Sulaiman Karodia
Pietermaritzburg

Cell 0722949786
Office (270) 646579796
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