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.