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Positioned on a prominent corner in the heart of Polokwane Central, this substantial two-storey commercial property offers excellent visibility, strong street presence and compelling income-growth potential.
With approximately 1,556 m² of total GLA across two levels, the property provides investors with a rare opportunity to acquire a sizeable, flexible commercial asset in a well-established business district.
Property overview
The property is situated on an erf measuring approximately 923 m².
The total GLA is approximately 1,556 m², comprising a ground floor of approximately 778 m² and a first floor of approximately 778 m².
The property offers two substantial commercial levels, a prominent corner position, excellent visibility and direct street access.
Investment highlights
Based on the current advertised price, the property offers a current gross annual ROI of approximately [hidden]
The current gross annual return is generated from the existing ground-floor rental income.
The prospective gross annual ROI is approximately [hidden] This projection is based on the estimated market-related rental potential of both floors once fully occupied and optimally utilized.
This provides an investor with established income combined with substantial potential for rental growth and improved overall returns.
Flexible commercial property
The ground floor offers a large commercial area suitable for retail, wholesale, showroom, distribution or other high-visibility business operations.
The first floor is currently divided into approximately 11 offices and work areas using predominantly removable partitioning. This configuration can be retained for multiple offices or reconfigured into a large, pillar-free open-plan commercial floor.
The first-floor ceiling height is lower than that of the ground floor.
Additional features
The property includes multiple ablution facilities, security gates, an alarm system, excellent corner exposure, direct street access, a receiving and loading area, and shared driveway access subject to a registered servitude.
The flexible internal configuration makes the property suitable for investors or owner-occupiers and offers strong value-add and income-growth potential.
The combination of established income, substantial floor area, exceptional visibility and adaptable accommodation makes this an attractive acquisition for investors seeking a centrally located commercial property with the potential to significantly improve returns.
Occupancy certificates, approved building plans and other supporting property documents are available upon request.
The stated returns are gross estimates calculated before operating expenses, vacancies, finance costs and tax. Prospective returns remain subject to market conditions, tenant demand, lease terms and fit-out requirements.
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