NEW
Web Ref ULC453
1,194m² Retail For Sale in Pietermaritzburg Central
High-Yield Investment Opportunity- Upper CBD Commercial Property
Strategically located in the upper PMB Central CBD, this 1,194 sqm property offers immense potential for developers and savvy investors. Situated in a high-foot-traffic zone near a major taxi rank and less than 1km from Victoria Shopping Centre, the location ensures consistent demand.
Key Features
Zoning- Commercial – Perfect for high-density residential or retail redevelopment.
Existing Structures- Two buildings currently housing approximately 20 rooms (10 per building) with communal bathrooms.
Income Stream- Currently occupied by monthly tenants, providing immediate cash flow.
Development Ready- The front building has been cleared for reconstruction. Original building materials remain on-site, offering a head start for the purchaser to rebuild and maximize the footprint.
Flexibility- Available with current tenancies or vacant occupation upon transfer.
Unlock the true value of this central gem.
Note- Serious inquiries only. Pre-approval or bank-guaranteed certificates are required for viewing. Make the call......
Strategically located in the upper PMB Central CBD, this 1,194 sqm property offers immense potential for developers and savvy investors. Situated in a high-foot-traffic zone near a major taxi rank and less than 1km from Victoria Shopping Centre, the location ensures consistent demand.
Key Features
Zoning- Commercial – Perfect for high-density residential or retail redevelopment.
Existing Structures- Two buildings currently housing approximately 20 rooms (10 per building) with communal bathrooms.
Income Stream- Currently occupied by monthly tenants, providing immediate cash flow.
Development Ready- The front building has been cleared for reconstruction. Original building materials remain on-site, offering a head start for the purchaser to rebuild and maximize the footprint.
Flexibility- Available with current tenancies or vacant occupation upon transfer.
Unlock the true value of this central gem.
Note- Serious inquiries only. Pre-approval or bank-guaranteed certificates are required for viewing. Make the call......
Features
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
1,194m²
Land Size
1,194m²
