12
Beds
9
Baths
762 m²
Floor area
About this property
An exceptional income-generating property in the vibrant heart of Pietermaritzburg. This fully occupied rental property features twelve well-appointed bedrooms and nine bathrooms, currently bringing in substantial monthly income. Ideally suited for investors or entrepreneurs seeking to capitalize on high rental demand in the area.
Centrally located and within walking distance to shops, schools, restaurants, and public transport. The property is in a highly sought-after, multi-use zoned area and can be operated as a guesthouse, student accommodation, offices, or co-living space.
Features:
- Fully occupied rental generating property
- Mixed use zoning
- Freehold ownership
- Excellent security
- Easy access to major routes
- Open mandate
The versatile nature of this property makes it ideal for various commercial and residential applications, offering flexible and profitable opportunities.
Rooms & layout
Features & amenities
Price & ownership
Cost to buy (indicative)
Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.
Upfront split
Rough split: 96.1% purchase price, 3.9% buying costs.
- Asking price R 2 250 000
- Transfer duty (est.) R 48 786
- Deeds Office (transfer) R 1 955
- Conveyancing (est., incl. VAT) R 41 675
- Deeds lodgement R 52
- Total indicative R 2 342 468
Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.
Table ref: sars_2025-04-01
Bond Calculator
Total paid over 20 years (deposit + repayments): R 5 324 384
Monthly repayment vs interest rate (deposit fixed at 10%)
Monthly repayment vs deposit percentage (rate fixed at 11.25%)
Indicative estimate only. Loan of R 2 025 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.