Mixed use properties with great rental income in Nongoma, Zululand

PROPERTY ADDRESS: Located on the R618 & R66, Nongoma

AUCTIONEER’S NOTE:
Well located.
Ideal for further development and for the investor with current rental income!!

Two individual erven, can be sold individual or combined (not consolidated). 

Gross combined annual income: R1 300 000 & R3 000 000 (Nett: R1.1m & R2.6m)

Extent: ± 4047 m² & ± 1.3362ha

Improvements:

• Site improvements: ±1830m²  & ±3440m² 

• • 11 Buildings consisting of 141 rooms

  • Building 1 & 2: 34 rooms with separate ablution facilities

  • Building 3,4,5,6 & 7: 67 rooms with separate ablution facilities

  • Building 8: 10 rooms with separate ablution facilities

  • Building 9: 6 rooms with separate ablution facilities

  • Building 10: 12 rooms with separate ablution facilities

  • Building 11: 12 rooms with shower and toilets

  • Situated ±250m from the main business hub

  • Pre-paid electricity

• 10 Buildings consisting of 284 rooms

  • Additional bulk of ±4000m² - Ideal for a warehouse development

  • Building 1,2,3 & 5: 32 rooms each with showers and toilets

  • Building 4: 28 rooms with showers and toilets

  • Building 6 & 7: 30 rooms each with showers and toilets

  • Building 8: 27 rooms with showers and toilets

  • Building 9 & 10: 22 rooms each with showers and toilets

  • Tuckshop and laundry room

  • Prepaid electricity

Nongoma is a town in Zululand, KwaZulu-Natal, South Africa. It is the seat of the Nongoma Local Municipality. It is strategically located on the R66 between Ulundi (55Km) and Pongola, and the R618 between Hlabisa at the Hluhluwe-Imfolozi Park and Hlobane, near Vryheid. Durban is 300km South.

The town serves as a marketplace for the surrounding rural areas.

Nongoma is the Royal City of Zululand. It is the home of King Goodwill Zwelethini, The royal family is highly respected and has a dominating presence in this rural and very traditional part of Zululand.

The area has six royal palaces belonging to the late Zulu King Goodwill Zwelithini.

Three Zulu monarchs are laid to rest in the Nongoma area.

Nongoma has a variety of retail centres including the Nongoma shopping centre (Shoprite), Isizwe centre (Boxer and Spar) and Nongoma Plaza.