Pietermaritzburg (KZN) - MR083981

House in Pietermaritzburg (KZN), Pietermaritzburg - KZN, Kwa-Zulu Natal

R 4,200,000 Sold

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Private Property

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10
8
2080m2
Pietermaritzburg (KZN) - MR083981
House in Pietermaritzburg (KZN), Pietermaritzburg - KZN, Kwa-Zulu Natal
R 4,200,000
10 Bedroom House for Sale For Sale in Pietermaritzburg (KZN) - Private Sale - MR083981
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Front View
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SOLD
Property has been sold

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Front View of property in Pietermaritzburg (KZN)
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Front View of property in Pietermaritzburg (KZN)
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Front View of property in Pietermaritzburg (KZN)
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Front View of property in Pietermaritzburg (KZN)
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Lounges - 51 square meters of property in Pietermaritzburg (KZN)
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Bed Room 1 - 50 square meters of property in Pietermaritzburg (KZN)
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Kitchen - 30 square meters of property in Pietermaritzburg (KZN)
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Lounges - 51 square meters of property in Pietermaritzburg (KZN)
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Front View of property in Pietermaritzburg (KZN)
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Lounges - 51 square meters of property in Pietermaritzburg (KZN)
10
8
2080m2
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Key Features

Rooms

  • 10 Bedrooms
  • 8 Bathrooms of which 2 are En Suite
  • 7 Living Rooms
  • Staff Room
  • Flatlet

Kitchen

  • Kitchen Open Plan

Entertainment

  • Pool

Study

  • Study

Parking

  • Car Port 6

More Features

  • Property Type - House
  • Seller Type - Private Property
  • Erf Size - 2080m2
  • Price per square erf meter - R2,019 per m2

MyRoof Stats

  • 2559 Views
PID=83981 DID=74426 SID=1

Location

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Comments & Notes

Unique, versatile investment opportunity on sale by the owner. Property is well maintained and is unique in the sense that it can be utilised as a residential property for a large family combined with the luxury of having 5 potential flats to be leased as an extra income, or, the property can be utilised as a commercial entity as a whole whereby the Main House as well the flats are leased and run as a business. Property consists of fully furbished Commercial & Residential entities. Rental Income: R42 850 p/m. Additional Income from optional Laundry services rendered to tenants: R1 500 p/m. Huge deductions of expenses/maintenance from Taxable Income: +> R150 000 per annum. Residential Entity: Fully Furbished Main House. 4 x Bedrooms. 1 x Study/Baby room/Bedroom. 1 x En suite Bathroom, Shower & Walk-In Closet. 1 x Bathroom & Shower. 1 x Lounge (include fireplace). 1 x Open Plan Kitchen & Dining Room. 1 x Bar Area. 1 x Jacuzzi Room. 1 x Scullery/Laundry. 1 x Outdoor Washing Facilities. 2 x Undercover Parking. 1 x Satellite Dish (2 x decoders & sim cards included). 1 x Domestic Apartment includes Bathroom & Shower (currently being used as Store/Ironing Room. Can easily be converted into Live-In Domestic Apartment, Laundry or extension to adjacent apartment). Commercial Entity: 5 x Fully Furbished Apartments (1 x 2 Bedroom, 3 x 1 Bedroom, 1 x Bachelor Pad). 2 x Satellite Dishes for DSTV connection to all apartments (decoders & sim cards included). 4 x Undercover Tenant Parking. 4 x Not Covered Tenant/Visitors parking. Communal area includes Braai/Lapa and Swimming Pool. The Commercial entity services niche market consisting of daily/medium/long term rentals by employees of established local businesses, Medical Doctor Interns, Young Professionals, Students and long stay tourists. The niche market shows occupancy rates of 97% vs 55% of typical Bed & Breakfast establishments in and around the greater Pietermaritzburg Area.Residential- and Commercial Entities are currently fully occupied. Residential Entity is currently leased by 4 Medical Interns on Medium term lease agreement. Rental Rates: R17 000 p/m (includes cleaning service twice a week). Apartments are currently fully occupied by young Professionals & Medical Interns on Long, Medium and Short term lease agreements. Rental Rates: Amethyst Suite (Bachelor Pad): R3 000 p/m. Blue Topaz Suite (1 x Bedroom Flat): R5 150 p/m. Garnet (1 x Bedroom Flat): R5 150 p/m. Pearl Suite (1 x Bedroom Flat): R5 150 p/m. Tourmaline Suite (2 x Bedroom Flat): R7 400 p/m. he property is situated in safe, scenic & sought after neighbourhood of Montrose. Walking distance from Cascades Shopping Centre, Restaurants and Virgin Active.Current owner is reluctant to sell but he has emigrated to Australia and therefore feels that it would be in his best interest to sell the property.

Notes about this property by MyRoof

This house is for sale in Pietermaritzburg (KZN). This is a private property sale. The following description of this suburb will give you a better idea of Pietermaritzburg (KZN). Pietermaritzburg is the second largest city in Kwazulu Natal and the capital city of the province. Founded in 1838. Produces aluminium, timber and dairy.

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This house is situated in a Residential Suburb

This double storey house floor area was not measured but the erf size was measured at 2080m2.

If you make an online offer using the Make An Offer button MyRoof will let you know if your offer was successful. To make an offer takes less than a minute. By selling privately the owner can reduce his asking price by as much as 7% (agents commission is up to 7%) and still get the same money in his pocket! That is why buying private property makes so much sense. Feel free to contact us for more information.

Interested in selling your property in Pietermaritzburg (KZN)? Via MyRoof, you can market house in a few easy steps, with professional help, every step of the Sell My House way. We've achieved 135 private property sales in Pietermaritzburg (KZN). Because of our superior offering, there is a high demand from people to sell property in Pietermaritzburg (KZN). To market your house online for free, click on the "Sell My Property" tab at the top of the page or the "Sell House" button on the right of this page.


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