Commercial Property with Redevelopment Opportunity in Pietermaritzburg

Commercial Property with Redevelopment Opportunity in Pietermaritzburg

AUCT-001071 | On Auction

9 Railway Street, Pietermaritzburg, KwaZulu Natal


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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.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Commercial Building
Web Reference:
AUCT-001071
List price:
POA
Address:
9 Railway Street, Pietermaritzburg, KwaZulu Natal
Property Extent:
796 m2
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 October 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: 24 October 2019 11:00 am

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