54
TENDER 2 Property details
www.maskell.co.za l danielle@maskell.co.za l 082 801 6827 l 033 397 1190
1
Property type
:
Erf
Township
:
Pietermaritzburg
Erf Number
:
2618
Portion number
:
5 (R)
Extent
:
1583 m 2
Registration division
:
FT
Co-ordinates
:
-29.605904 / 30.378243
Title Deed No.
:
T008594/2013
Municipality
:
Msunduzi
Market Value
:
R 12,636,000.00
Monthly rates
:
R 30,326.40
Address
:
179 Jabu Ndlovu Street
:
Zoning
Core Mixed Use 1
Situation and locality
Situated in the heart of the Pietermaritzburg Central Business District, 179 Jabu Ndlovu Street occupies a prominent commercial position with approximately 23 metres of frontage onto one of the city's principal thoroughfares. Pietermaritzburg, the capital of KwaZulu-Natal, serves as an important administrative, educational and commercial centre, strategically located approximately 80 kilometres inland from Durban along the N3 national route linking Durban and Johannesburg. The property enjoys excellent accessibility to government departments, financial institutions, retail establishments, public transport facilities and professional offices. Its central location, together with an established commercial environment, makes it particularly attractive to investors seeking a secure, income-producing asset within one of KwaZulu-Natal's major business centres.
Improvements
The property has been extensively developed with a substantial commercial office building comprising four storeys to the front elevation and three storeys to the rear , together with basement parking facilities.
Constructed predominantly of face brick with concrete detailing and finished under a hipped tiled roof, the improvements include: • Reception and entrance hall • Extensive office accommodation over multiple floors • Numerous boardrooms and meeting rooms • Strong rooms and records storage • Kitchens and staff facilities • Male and female ablution facilities on each level • Air-conditioned office accommodation • Basement parking • Internal central staircase • External vehicle ramps providing access to basement parking
The existing layout is well suited to government departments, corporate headquarters, financial institutions or professional office users requiring large contiguous floor plates.
Access
The property benefits from excellent accessibility via Jabu Ndlovu Street , one of Pietermaritzburg's principal commercial routes.
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