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42 Bedroom Apartment Block For Sale in Pietermaritzburg Central
R 12,500,000
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30 days ago47 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Parking:None
Description
Prime Investor choice in City Centre
Pietermaritzburg is a growing developing city with many seeking accommodation and business opportunities especially in the city centre. A rare opportunity seldom appears for those within the price bracket to grab on a deal to purchase.
This opportunity sits in lower end of Church Street in the business district that's allows mix use of both residential and commercial use. The property comprises of twenty-five residential unit each with Kitchen, lounge and ablution facilities. The units are made up with bachelor pad, two bedroom and three-bedroom units. Ground floor has commercial use to attract the high foot traffic that pass by daily.
The property details will be treated discretely and will be shared to pre-approved qualified buyers who are bank guaranteed. The property is fully occupied and has great opportunity to upgrade and modernise the units internally. This should ensure longevity of existing tenancy and enhance the value of the property.
Existing Tenancy have Leases to safeguard a rental and potential future income for a set period. Any potential purchaser within the price bracket should call to arrange a private meeting to discuss further. Please no chances for property details......Make the call if you are in the bracket to purchase.
Property Reference #: ULR4867
Agent Details:
Sulaiman Karodia
Urban Link
Unit 3, Ingliside Office Park,
29 Howick Road,
Wembley,
Pietermaritzburg, 3201.
Pietermaritzburg is a growing developing city with many seeking accommodation and business opportunities especially in the city centre. A rare opportunity seldom appears for those within the price bracket to grab on a deal to purchase.
This opportunity sits in lower end of Church Street in the business district that's allows mix use of both residential and commercial use. The property comprises of twenty-five residential unit each with Kitchen, lounge and ablution facilities. The units are made up with bachelor pad, two bedroom and three-bedroom units. Ground floor has commercial use to attract the high foot traffic that pass by daily.
The property details will be treated discretely and will be shared to pre-approved qualified buyers who are bank guaranteed. The property is fully occupied and has great opportunity to upgrade and modernise the units internally. This should ensure longevity of existing tenancy and enhance the value of the property.
Existing Tenancy have Leases to safeguard a rental and potential future income for a set period. Any potential purchaser within the price bracket should call to arrange a private meeting to discuss further. Please no chances for property details......Make the call if you are in the bracket to purchase.
Property Reference #: ULR4867
Agent Details:
Sulaiman Karodia
Urban Link
Unit 3, Ingliside Office Park,
29 Howick Road,
Wembley,
Pietermaritzburg, 3201.
Id Subtitle 1271042018
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Estimated monthly repaymentR 135,464
Total property loan amountR 12,500,000
Total interestR 20,011,212
Total repaymentR 32,511,212
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Selling for 1 year
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