Commercial Redevelopment Opportunity, 9 Railway Street, Pietermaritzburg
Located in High trade zone | Corner of Pine Street and Railway Street | Opposite Old Railway Station | Extent: ± 796 m² | 4 Ground floor shops | Basement parking | (Residential units upstairs) | Investment Property
Property lies within a high trade zone of the Pietermaritzburg CBD and is exposed to high levels of vehicular and pedestrian traffic. The property is situated on the Corner of Railway and Pine Street and is opposite the old railway station in the Pietermaritzburg CBD. Railway Street is an extension of Church Street. Church Street has easy access to the N3 Freeway, and it is the main street that bisects the Pietermaritzburg CBD.
The property comprises a double storey commercial building with basement parking. The ground floor consists of 4 Retail shops. Which are made up of a café, superette, spares shop and a bottle store. There are ablutions located at the rear of the shops.
The first floor consists of an open warhouse area with multiple rooms created with wood partitioning. There are also ablutions located on this level. The first floor can be accessed via staircase located at the front of the building. The yard at the rear as well as the basement of the property is currently utilised by a mechanic.
This property offers an excellent redevelopment opportunity for a commercial investor or end user of retail space as it offers prime positioning and good exposure.
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