Retail for sale
High-value investment listing positioned close to UKZN in Scottsville, Pietermaritzburg
Thrive in a lively student and professional hub near UKZN — income-producing with long lease, secure grounds, entertainment lapa with built-in braai, plus 15 parking bays.
With a current IT college running from the property, and a 3 year lease still in place, yielding R34 000 a month rent and a 7% escalation on the rental per annum, this property is an ideal investment opportunity!
The building size if 450 m2
Erf size 2016 m2
Located on a street with lots of traffic surrounded by professional practices and close to UKZN, the property is visible and has very easy access to amenities!
Having space for 15 cars in the parking bay, within a secure property monitored by CCTV cameras and an automated gate, this property is well positioned for a range of commercial or accommodation purposes.
Other standout features are that it has 12 spacious and adaptable rooms, that can easily be transformed into more. There are aircons throughout the building, 3 phase power and a 2500L jojo tank. Fitted with a kitchen, scullery, dining hall and 5 toilets. Outside there’s a lapa with a built in braai and entertainment area.
Ownership costs
Property history
Listed for sale at R3,850,000
