SALE BY TENDER – Pietermaritzburg Property: 179 Jabu Ndlovu Street, Pietermaritzburg CBD, KwaZulu-Natal

SUBMIT YOUR TENDER

Peter Maskell Auctions is pleased to present this outstanding commercial investment opportunity situated in the heart of Pietermaritzburg's Central Business District.

This substantial multi-storey office building is strategically positioned on 179 Jabu Ndlovu Street and is fully tenanted by the Provincial Government of KwaZulu-Natal, offering investors an immediate, secure income stream backed by a government tenant.

Key features

• Prime CBD position
• Approximately 3,872m² Gross Building Area
• Approximately 3,300m² Gross Lettable Area
• 14 basement parking bays
• Government tenanted
• Lease extending to 30 November 2028
• Annual rental escalation of 7%
• Core Mixed Use 1 zoning

The improvements comprise a substantial face-brick commercial office building extending over four storeys with basement parking. The property offers extensive office accommodation including reception areas, executive offices, boardrooms, meeting rooms, strong rooms, storage facilities, kitchens, staff amenities and modern ablution facilities throughout.

The building has been designed to accommodate large institutional occupiers and provides an efficient internal layout suitable for government departments, financial institutions, corporate headquarters or professional office users.

The property benefits from a prominent frontage onto Jabu Ndlovu Street together with convenient pedestrian and vehicular access.

Location

Pietermaritzburg remains the administrative capital of KwaZulu-Natal and serves as one of the province's most important commercial and government centres.

Located within the established CBD, the property enjoys close proximity to:

• Provincial Government Departments
• Msunduzi Municipality Offices
• Financial Institutions
• Retail Centres
• Hotels and Restaurants
• Public Transport Facilities
• Professional Offices
• Medical Facilities
• N3 National Route

Its central location continues to attract strong demand from government and commercial occupiers.

For more info, contact Danielle on 033-397-1190 or email danielle@maskell.co.za