Investment Property For Sale Potchefstroom
- ENV178238
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What you should know about this property
- 2,522 m²
- 5,400 m²
Amenities and special features of this property
Exciting Investment Opportunity in the Heart of Potchefstroom's CBD!
Unlock the potential of this prime commercial property, strategically located within Potchefstroom's bustling Central Business District.
With a generous gross lettable area of 2522m2, this property presents an exceptional opportunity for savvy investors seeking to capitalize on the thriving local market.
The ground floor of the building, spanning 1501m2, awaits transformation into a dynamic space tailored to suit your vision.
Currently a white box, this expansive area offers endless possibilities for customization, making it an ideal canvas for retail, office, or leisure ventures.
Meanwhile, the first floor, measuring 1020m2, boasts standard type interior finishes and fittings, providing a turnkey solution for tenants seeking immediate occupancy. This floor presents a steady income stream, offering stability to your investment portfolio.
Benefiting from its central location, this property enjoys high visibility and foot traffic, ensuring maximum exposure for businesses of all types. Whether you're looking to expand your investment portfolio or establish a foothold in Potchefstroom's thriving commercial landscape, this property offers unparalleled potential for growth and success.
On the first floor, a longstanding tenant has been in occupancy since May 1, 2019. Initially leasing 993.40m2, they recently extended their lease for an additional 3-year term, securing their tenancy until April 30, 2027. With a starting gross monthly rental of R95,606.95 plus VAT, escalating at a competitive rate of 7% per annum, this tenancy offers a stable and lucrative income stream.
While the first floor enjoys consistent occupancy, the ground floor presents an exciting opportunity for expansion and diversification. Currently vacant and offered as a white box, the ground floor spans an impressive 1501m2. With its prime location and versatile layout, this space has the potential to command a monthly income of approximately R144,459.46 plus VAT, making it an attractive prospect for investors seeking to maximize their returns.
Ideal for an owner-occupier looking to establish a presence in Potchefstroom's thriving CBD, this property offers the perfect blend of income generation and strategic positioning. By occupying the ground floor while enjoying rental income from the first floor, investors can unlock the full potential of this prime commercial asset.
Don't miss out on this rare opportunity to secure your foothold in Potchefstroom's dynamic commercial market. Contact us today to learn more about this exclusive investment opportunity!
Virtual tour through this property
- Potchefstroom
- Licence partner of Engel & Völkers Southern Africa (Pty) Ltd
- Kelvin Holton
- 65 Retief Street
- 2520 Potchefstroom · South Africa
- Phone: 0182975777
- Cell: 081 744 8258
- www.engelvoelkers.com/en-za/potchefstroom/
Commission Details
Agent's Professional Fee is included in the price advertised.
