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Prime Redevelopment Opportunity
updated on Feb 12, 2024
R 18 000 000

WEB REF: 706657

 
  • Price R 30 000 000
  • LocationPinetown, Pinetown Central
  • Property TypeCommercial - Land
  • Erf Size5088.0000 m2
  • Rates & Taxes R 0.00
  • Monthly Levy R 0.00
Description

Accepting Offers. DESCRIPTION: This redevelopment opportunity is located on the corner of Crompton Street and Breightmet Avenue, in the Central Business District of the Pinetown suburb. Other than offices, medical and retail, this building could be easily converted into student accommodation, lecture halls and related student ancillary services. In addition to the existing building, there is still bulk available of 2963m² to build additional student accommodation above the existing parking level. There are over 37 notable schools and educational institutes in Pinetown such as Pinetown Boys High, Thomas More College and Benjamin Pine Primary. The University of KwaZulu-Natal has campuses in Pinetown and Westville, there are also other training institutes such as Othandweni Training Centre, Pinetown Institute of Technology, Ziphathe Training College, Teachers Training College and many more which makes the properties with extra accommodation attractive options for investors. NOTE! All existing leases contain a redevelopment clause with a notice period of either 3 or 6 months. PLANS: • Retail • Student accommodation • Offices • Medical EXISTING BUILDING INFORMATION: • Total Floor Area: 9757m² | Unused Bulk Still Available: 2963m² • Total Parking (Current): 136 bays DETAILS: • Erf no: 8041, Pinetown • Erf size: 5088m² • Zoning: IPTN Mixed Use 1 • Current Municipal Valuation R39 990 000 Details: • Erf no: 8041, Pinetown • Erf size: 5088m² • Current Municipal Valuation R39 990 000

Additional Features
      Property Address

      6 Breightmet Avenue Pinetown Central Pinetown

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