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R 25 000 000

Farm for Sale in Pietermaritzburg Central

162 Pitermaritz Street, Pietermaritzburg Central, Pietermaritzburg

528 m²

Contact Agent

René Norman

Show Contact Number

Investment Opportunity

Discover this prime commercial property currently serving as student accommodation, generating a robust rental income of R280,000 per month through contracts with local universities. The property features a total of 32 bedrooms, including 39 double occupancy rooms, catering to 70 students in total.

Amenities include a resident assistant room and a student representative council room, along with spacious male and female facilities. The property is equipped with 24/7 security, secure parking, dedicated study areas, a reliable inverter system, and comprehensive CCTV coverage.

This well-equipped property presents an excellent investment opportunity in a quiet environment, ideally situated in the heart of the city.

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Property Overview

Listing Number

115111235

Type of Property

Farm

Street Address

162 Pitermaritz Street, Pietermaritzburg Central

Listing Date

22 October 2024

Floor Size

528 m²

Rates and Taxes

R 7 071

Points of Interest

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