62 Residential Units & Commercial Block

62 Residential Units & Commercial Block

AUCT-000343 | SOLD

94 Langalibalele Street, Pietermaritzburg, KwaZulu Natal


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62 Residential Units & Commercial Block, 94 Langalibalele (Longmarket) Street, Pietermaritzburg CBD

Ex Ansonia Hotel now known as “The Ambassador”

94 Langalibalele Development (Pty) Ltd (In Liquidation) Master’s Reference No: N13/2016

2 Portions measuring ± 5 058 m² | GLA: ± 2 770 m² (excluding verandas) | Projected income over 12 months: Residential – R2 034000; School area (projected from 01/01/2017 to 30/06/2017 ) – R 120,000 | Projected annually from 01/07/2017 – R 540,000

Pietermaritzburg or in Zulu: umGungundlovu is the capital and second-largest city in the province of KwaZulu-Natal, South Africa. It was founded in 1838 and is currently governed by the Msunduzi Local Municipality. Its Zulu name umGungundlovu is the name used for the district municipality. Pietermaritzburg is popularly called Maritzburg in English and Zulu alike, and often informally abbreviated to PMB. It is a regionally important industrial hub, producing aluminium, timber and dairy products. It is home to many schools and tertiary education institutions, including a campus of the University of KwaZulu-Natal. The estimated current population is around 500,000 (including neighbouring townships) and has one of the largest populations of Indian South Africans in South Africa.

Commercial Type:
Commercial Building
Web Reference:
AUCT-000343
List price:
Price undisclosed
Address:
94 Langalibalele Street, Pietermaritzburg, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
06 December 2016 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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