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R 8 390 000

Commercial Property for Sale in Pietermaritzburg Central

24 Clough Street, Pietermaritzburg Central, Pietermaritzburg

1 550 m²

Contact Broker

Arries Van Der Merwe

Show Contact Number

Central Multi-purpose Industrial/Commercial site

Exceptional opportunity for entrepreneurs seeking a lucrative investment venture with a well-established tenant committed for the long term at a agreed 6.5% escalation.

The tenants are, however, willing to terminate the lease, should it be required.

This property presents an impressive 1550 SQM under-roof lettable area, encompassing showroom, workshop, warehouse, a range of offices, and ablution facilities. Secure a 10% PLUS return on investment through the substantial rental income generated.

Perfectly suited for astute investors looking to diversify their portfolio and secure a high-yield asset in a prime location. This is a rare chance to capitalize on a thriving business opportunity with immense growth potential.

Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.

Listing number: P24-114891978, Image number: 1

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Property Overview

Listing Number

114891978

Type of Property

Commercial Property

Street Address

24 Clough Street, Pietermaritzburg Central

Description

Office, Retail, Storage, Warehouse

Listing Date

05 September 2024

Erf Size

1 829 m²

Floor Size

1829 m²

Rates and Taxes

R 9 000

Zoning

Mixed Use

Facilities

Bathrooms

Offices

External Features

Parking

Building

Gross Lettable Area

1550 m²

Green Building

Multi Tenanted

Yes

Other Features

Temperature Control

Air Conditioning Unit

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre

Wheelchair Accessible

Yes

Points of Interest

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