Commercial for sale
Effortless income and long-term security for investors in a prime, high-traffic town-centre location — fully tenanted retail and office building with established government lease and immediate rental income.
A rare opportunity to acquire a fully tenanted, income-producing commercial property offering substantial floor space across two well utilized levels.
Occupying an erf of approximately 505m2, the building provides an impressive GLA of approximately 1,199.92m2. The property comprises one retail shop and one office component, both supported by existing lease agreements.
From an investment perspective, the property offers the significant advantage of established occupancy and immediate rental income. It currently generates a total gross rental income of R199,062.40 monthly, with a Projected Gross Annual Income of R2 388,749.
The combination of full occupancy, existing leases with a government entity and a retail store on the ground floor, creating a compelling commercial investment proposition for buyers seeking an established asset rather than a speculative acquisition.
Key Features:
. 505m2 erf
. GLA - Approximately 1,199.92m2 in total
. Ground floor Retail - approx. 577m2
. First floor Offices - Approx. 622m2
. Multi tenanted
. Existing leases in place
. Gross monthly rental income of R199,062.40
. Projected GAI of R2,388,749
Sale price -R20 Million Excl. VAT!
A substantial commercial investment offering immediate income, established occupancy and long term investment potential.
Pietermaritzburg Central serves as the historic administrative heart of the city, offering residents a blend of Victorian architecture, convenient access to essential government services, and a vibrant urban lifestyle.
