PrimeLocation SA has a Sole Mandate to sell this fully Tenanted Office Block at 50 Walter Sisulu Avenue, Potchefstroom. The property has an almost square shape and borders onto vacant land, used for additional parking by the tenant leasing the ground floor. Being a corner stand the property has high visibility and is located on 3 roads, namely Walter Sisulu, Retief Street and Maury Avenue. It is a double storey office block that houses an insurance company on the ground floor and a private nursing campus on the first floor. There is newly installed Clearview fence around the perimeter of the premises.
PROPERTY FEATURES
- Double Storey Office Block
- Located within the Potchefstroom CBD
- Erf Size: 5400m2
- Gross Lettable Area: 2522m2
- Zoning: Business 1
INVESTMENT SUMMARY
- Fully Tenanted
- Tenant One, has been in occupation since 1 May 2019 and their lease term ends on 30 April 2027
- Tenant Two, has been in occupation since 1 January 2026 and their lease term ends on 31 December 2029
- Gross Annual Income: Approximately R3 048 204
- Annual Expenditure: Approximately R695 345
- Net Annual Income: Approximately R2 352 859
- Selling Price: R16 800 000
- Yield: 14%
Please note the figures provided above are estimations only. The buyer would be given the opportunity to conduct a thorough due-diligence before purchasing the Asset. Please don't hesitate to contact me should you require more information about the asset, or if you would like to view it.