This property is a well maintained business property in the centre of Pietermaritzburg. It is achieving an attractive yield of just under 10% on a triple net lease. The tenant has been in the property since 2020 and has four and a half years left on the current lease which will escalate in March 2026. The tenant is stable and has an excellent track record.
The layout of the property allows for maximum visibility onto Boom Street whilst providing for a secure parking and loading area at the rear. Angled parking along the front of the building is ideal as overflow space or client parking.
The two storey building has a fenced yard area at the side and rear which is currently used for parking in addition to the street parking along Boom Street. The interior is set up as modern office space provided an excellent central office for the national tenant. There are three gates into the yard space, the central one allows easy access to a roller shutter door for loading.
Pricing excludes VAT
Contact our PMB broker Matthew Middleton for additional information on this property, additional options in the area or to secure a site viewing. Visit the Swindon website for more options.
