Commercial Property in Pietermaritzburg Central For Sale
Description
Looking for a property that generates income from day one while offering exciting potential to grow your investment? This exceptional property is a rare find, offering a combination of established rental income, municipal special consent and future development opportunities.
Featuring 11 fully tenanted bedrooms, each with its own prepaid electricity, this property is designed for efficient management while providing a consistent rental income stream.
The property offers 4 ablution facilities with showers, catering comfortably to the current occupants.
A backup water system adds further peace of mind and supports reliable day-to-day operations.
But the real opportunity lies in the potential to develop additional units, allowing the savvy investor to increase occupancy, rental income and long-term returns.
Why This Property Deserves Your Attention:
- 11 Fully Tenanted Bedrooms
- Existing Rental Income
- Prepaid Electricity in Every Room
- Municipal Special Consent for Boarding Establishment/Guesthouse
- 4 Ablution Facilities with Showers
- Backup Water Systems
- Opportunity to Develop Additional Units
- Flexible Use - Guesthouse, Boarding Establishment, Staff Accommodation, Student Housing or Mixed-Use
- Excellent Potential to Grow Your Property Portfolio
Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.
