Extent: ± 1 591 m² | GBA: ± 670 m² | Gross Annual Income (excluding forecourt): ± R302K | 4 Pumps | 4 Tanks
This Commercial property, which presently operates as a white site service station in the heart of Pietermaritzburg, presents a potential opportunity for investors looking to own and operate their own service station:
Strategic Locality
This service station property is located at 48 Church Street in Pietermaritzburg in the heart of the city's central business district. Church Street is a prominent thoroughfare known for its vibrant commercial activity. The area is characterized by a mix of Victorian-era architecture and modern developments. Notable landmarks in the vicinity include the Pietermaritzburg City Hall, renowned for its red-brick facade and historical importance. The property is exposed to high volumes of pedestrian and vehicular traffic.
Convenient Access
The location offers excellent accessibility. Public transportation is readily available, with several bus and taxi routes operating in the area, connecting to various parts of Pietermaritzburg and beyond. Additionally, the Pietermaritzburg railway station is located nearby, providing further connectivity options for commuters and travellers. Access to the N3 Freeway can be obtained from Church Street, as it is the main street that bisects the Pietermaritzburg CBD.
Improvements
The property is currently improved with a service station forecourt, featuring four fuel pumps and four storage tanks. In addition to the forecourt, the property hosts two single-storey commercial and industrial buildings. These buildings are currently tenanted by three businesses: a salon, a bottle store, and a workshop.
The first building fronts directly onto Church Street and accommodates the bottle store and the salon. The bottle store consists of a front serving area along with a seating area for customers. To the rear of the bottle store are the ablution facilities and a storage area that exclusively serve the needs of the bottle store. The salon occupies a smaller space within the building and is configured primarily as a retail area.
The second building is positioned alongside the forecourt and supports a range of uses. It accommodates a carwash operation, a retail shop complete with its own ablution facilities and a rear storage section. This building further includes a vacant retail shop and office space, offering potential for additional tenants or owner-occupation. A mechanics workshop also forms part of the second building and is complemented by several storerooms.
Surrounding Amenities
The area surrounding 48 Church Street boasts a variety of amenities catering to both residents and visitors. Financial services are well-represented, with several banks and ATMs in close proximity. Retail needs are met by nearby shopping centers and various local shops along Church Street.
This property presents an ideal opportunity for those seeking to capitalize on the bustling commercial activity in the area.