Extent: ± 1 172 m² | GBA: ± 550 m² | Gross Annual Income (excluding forecourt): ± R 247 300.00 | 5 Pumps | 3 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. This property offers the following key features:
Strategic Locality
This service station property occupies an excellent location at the corner of Pine Street and Church Street within the heart of Pietermaritzburg’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 which comprises 5 pumps and 3 tanks. In addition, the property also hosts 3 tenants being a Takeaway, Panel Beater, and Supermarket. These 3 Tenants generate a gross annual income of ± R 247 300.00
Surrounding Amenities
The area surrounding 21 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 centres 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.
