Blocks Of Flats With Development Land

AUCT-000868 | On Auction

1 Morgan Road, Pinetown, KwaZulu Natal


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3 Triple Storey Blocks Of Flats With Development Land, 1-3 Morgan Road, Pinetown

3 Triple storey blocks with 42 units | Further development land: ± 4 500 m² | Adjacent to Crompton Hospital | Possible student accommodation: ± 250 beds | Close proximity and en-route to various universities and campuses | Residential Option: Projected Income - R2.6 Million per annum | Student accommodation option: Projected Income - R7 Million per annum

These 3 triple storey blocks of flats are positioned within the heart of the Pinetown CBD in close proximity to the Pinetown Crompton Hospital. The property further comprises ample development land. This property is ideal for residential accommodation or for student accommodation being positioned close to shopping centres, schools, tertiary institutions, campuses and universities. The property enjoys prime position close to the St Johns Shopping Centre / Checkers Centre, Pinetown Taxi Ranks, the Pinetown CBD, The Pine Crest Shopping Centre and the Crompton Hosiptal.

The property is positioned between the M19 and Crompton Street. The area is highly sought after and are considered prime business and commercial nodes within the eThekwini Municipality. Upmarket residential suburbs of Cowies Hill and Westville are to the east, with the middle-income residential suburbs to the north. The immediate area comprises a mix of commercial, retail, light industrial, warehousing and factory type properties. All modern amenities and public services are located in Pinetown Central, which is easily accessed from Josiah Gumede (M31) Main Road.

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Commercial Type:
Block of Flats
Web Reference:
AUCT-000868
List price:
POA
Address:
1 Morgan Road, Pinetown, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
13 March 2019 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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Auction Date: 13 March 2019 11:00 am

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