R 25 000 000
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Smallholding in Pietermaritzburg Central

528 m²

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.

Property details

  • Listing number T4836341
  • Property type Small Holding
  • Listing date 22 Oct 2024
  • Floor size 528 m²
  • Rates and taxes R 7 071

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