Multilevel Office Block With Retail and Student Accommodation

Multilevel Office Block With Retail and Student Accommodation

AUCT-001112 | On Auction

234 Church Street, Pietermaritzburg, KwaZulu Natal


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Multilevel Office Block With Retail and Student Accommodation, 234 Church Street, Pietermaritzburg

GLA: ± 2 726 m² | Extent: ± 510 m² | High traffic area | National retail tenant | Conversions started from office to student accommodation

PROMINENT BUILDING IN BUSY CHURCH STREET
This Prominent Building is based in the heart of Church Street, known for its historical buildings, Ghandi memorial and vibrant trading.
The building has a ground floor retail with Mezzanine and basement and five levels of Office above. The 6th Floor is a caretaker’s flat and the 7th Floor holds the water tank plus additional storage.
The building is internally in very good condition and is served by a lift to the top floor. The roof has just been renovated and is in a good state.
JAM Clothing are the tenants in the retail space. One level of the office has tenants (such as attorneys) using the space as offices. Three of the upper levels have recently been converted to student accommodation and the first batch of students have arrived under contract with UKZN.
The potential income on this building is great, considering demands for rentals in this area.

Commercial Type:
Office Space
Web Reference:
AUCT-001112
List price:
POA
Address:
234 Church Street, Pietermaritzburg, KwaZulu Natal
Property Extent:
510 m2
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
20 November 2019 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required
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Auction Date: 20 November 2019 11:00 am

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