72 Bed House in Pietermaritzburg Central

CENTRAL PIETERMARITZBURG.

Situated in the CBD you will find this Property that could alleviate a huge accommodation problem especially with regards to STUDENTS.

The main house is one of those solidly built houses with huge rooms and beautiful solid wooden floors, 10 rooms with 6 bathrooms and a very big kitchen. You could easily accommodate 20 people in the Main House. There are also 3 garages that could be used. There is a pool with lots of space around it for entertaining.

Next to the main building, there is another 2-bedroom dwelling with a bathroom that could house at least 4 more people.

At the back of the Main house there are 3 separate blocks that consist of:

Block A: 3 floors with 12 bedrooms, 12 bathrooms 12 kitchens.

Block B 3 floors with 24 bedrooms, 24 bathrooms, 24 kitchens.

Block C 3 floors with 24 bedrooms, 24 bathrooms, 24 kitchens.

The rooms are big enough to accommodate 2 people per room (In the Blocks).

With 144 students that could be accommodated on this Property @ R2,200 per student (Last years RATES, it could be more now) you do the MATHS!

D U T has already visited the Property and has stated that once completed THEY would be interested in utilizing the Property as Student Accommodation.

IT MUST BE NOTED THAT CURRENTLY, THE ACCOMMODATION IS 95% COMPLETED. The asking price is based on what has been done up to now. If the owner completes the buildings the price might differ.

PERFECT FOR INVESTORS.

Call me now!

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