2,080m² Retail For Sale in Annadale
R12,730,000
Web Ref No 6705313
COMMERCIAL PROPERY IN BUSY AREA
Outstanding Commercial Investment in Polokwane – 20-Unit Complex
Welcome to this impressive two-story commercial building, located in a vibrant area of Polokwane. Offering a total of 2080sqm across the ground and first floors, this property features 20 well-maintained units, each with its own toilet and kitchen, ensuring convenience and privacy for tenants. The complex is designed to accommodate both clients and tenants effortlessly, with 45 parking bays for customers and private back parking for tenants, enhancing the seamless flow of operations.
Key Features:
20 units across 2080sqm, each equipped with private amenities.
Two entrances and a fully fenced perimeter with steel palisades for added security.
Back parking rented at R5,000 per month for tenant use.
Municipal rates: R16,000 per month.
Building insurance: R11,000 per month.
1-year lease renewals for most tenants, with a 5-year lease secured with a major tenant.
Monthly rental income: R137,000.
The selling price is exclusive of VAT, but this property can be sold as a going concern, allowing the buyer to take over existing rental agreements, operations, and potentially the legal entity (PTY LTD) that manages the property. This ensures a smooth transition and immediate income from the day of transfer.
Don’t miss out on this lucrative investment opportunity in one of Polokwane’s most sought-after commercial hubs. Contact us today to schedule a viewing!
Welcome to this impressive two-story commercial building, located in a vibrant area of Polokwane. Offering a total of 2080sqm across the ground and first floors, this property features 20 well-maintained units, each with its own toilet and kitchen, ensuring convenience and privacy for tenants. The complex is designed to accommodate both clients and tenants effortlessly, with 45 parking bays for customers and private back parking for tenants, enhancing the seamless flow of operations.
Key Features:
20 units across 2080sqm, each equipped with private amenities.
Two entrances and a fully fenced perimeter with steel palisades for added security.
Back parking rented at R5,000 per month for tenant use.
Municipal rates: R16,000 per month.
Building insurance: R11,000 per month.
1-year lease renewals for most tenants, with a 5-year lease secured with a major tenant.
Monthly rental income: R137,000.
The selling price is exclusive of VAT, but this property can be sold as a going concern, allowing the buyer to take over existing rental agreements, operations, and potentially the legal entity (PTY LTD) that manages the property. This ensures a smooth transition and immediate income from the day of transfer.
Don’t miss out on this lucrative investment opportunity in one of Polokwane’s most sought-after commercial hubs. Contact us today to schedule a viewing!
Features
Zoning Commercial
Monthly Rates R16,000.00pm Excl. VAT
Floor Size 2,080m²
Land Size 2,860m²
Monthly Rates R16,000.00pm Excl. VAT
Floor Size 2,080m²
Land Size 2,860m²
Broker Contact Details
Erika Retief
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 332 707 6)
Cell 082 953 1686
Office (082) 9531686
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 332 707 6)
Cell 082 953 1686
Office (082) 9531686
Innes Retief
Candidate Property Practitioner
Registered with PPRA
(FFC 202 371 463 22)
Cell 0826778864
Office (082) 9531686
Candidate Property Practitioner
Registered with PPRA
(FFC 202 371 463 22)
Cell 0826778864
Office (082) 9531686
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