PORTFOLIO DISPOSAL: Rezoning Potential in Prime Area. 19 Woodhouse Road, Scottsville, Pietermaritzburg
Combined extent : ± 1686 m² | Building Adjacent to new mall | Lease Expire April 2023 | Potential for commercial redevelopment | Suitable for professional Offices
Scottsville, KwaZulu-Natal
The property is located in Woodhouse Road, a popular mixed-use area adjacent to the new Woodburn Mall. Large redevelopment and use amendment occurring here due to growing population and convenience. Woodhouse road is a few KMs to the CBD and even closer to Mediclinic hospital and the new eye-clinic. Also, very close to retail areas, some of SA’s best schools and university. The airport is less than 5 kms away. The building is essential a solid “Maritzburg Red brick” that has been used for multi-tenanted accommodation. This has brought in a steady income. The land is gently sloping and due to its size could be redeveloped. The house is single storey, free standing, face brick under iron. The interior has three bedrooms and an enclosed verandah that is en-suite. In total this is building is +- 400sqm. Outside there is a flatlet that is approximately 36sqm. The property is fenced with a sliding gate.
