BondThis sale is Subject to Confirmation by the parties involved
Prime Investment Opportunity - Less than 2km from KwaZulu-Natal University
9 Bromhead Rd, Pelham, Pietermaritzburg, KwaZulu-Natal
ERF Size: 2030 m²
Rates: Approx R2 400pm
The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.
The Purchaser must further familiarise themselves with the terms and conditions applicable to this Lot.
Main House Features
• 5 Spacious bedrooms
• 2 Bathrooms
• Lounge area with fireplace
• Kitchen
• Large yard with kids’ jungle gym
• Swimming pool with braai/entertainment area
• Double garage
Income-Generating Cottages
• Bachelor flat – kitchenette and en-suite bathroom
• 1-Bedroom cottage – separate bedroom, bathroom, lounge and kitchen
• Current combined rental income: R9,000 per month
Location & Investment Potential
• Close to KwaZulu-Natal University – ideal for student accommodation
• Situated in a safe area with regular security patrols
• Strong rental demand in the area
A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed.
The buyer is required to provide the Certificates of Compliance