Property features

R9 800 000
Rates R18000 pm

Property Details

Discover an exceptional investment opportunity in Industria Polokwane. This commercial property is strategically located on a unique corner stand that span between two roads, offering unparalleled access and visibility from two prominent corners. Occupied with tenants, this property promises immediate rental income and strong future returns. Property Features: • Total Land Area: 3569m² • Total Floor Area: 1617m² • Warehouse: 318m² • Shop and Offices: Various sizes = 1299 Unit sizes: • Unit 1: 60m² • Units 2-4: 125m² • Units 5-6: 58m² • Unit 7: 58m² • Unit 8: 68m² • Unit 9: 71m² • Unit 10: 68m² • Unit 11: 167m² • Unit 12: 122m² • Unit 13: 124m² • Unit 14: 97m² • Units 15-16: 130m² • Units 17-20: 80m² • Unit 21: 32m² • Unit 22: 22m² • Unit 23: 27m² Lease Information: The property boasts long-term tenants, ensuring steady cash flow and reduced vacancy risk. Financial Highlights: • Rental Income (Fully Tenanted): R118,565.63 per month • Return on Investment: 11.72% (as per seller's information) • Purchase Price: Excludes VAT Additional Amenities: • Parking: Ample parking available at the front for customers and clients, with secure, locked parking at the back for tenants. • Facilities: Each unit is uniquely laid out to suit tenant needs, featuring individual toilet facilities conveniently located at the back. Investment Highlights: • Location: Prime corner stand in Industria Polokwane, offering high visibility and easy access from two main roads. • Occupancy: High occupancy rate with a mix of short and long-term leases. • Income Stability: Diverse tenant mix and staggered lease expirations ensure consistent rental income. • Flexibility: Various unit sizes catering to different business needs, from small offices to larger industrial spaces. This property is a sound investment with the potential for significant appreciation and income growth. Contact me today to schedule a viewing and secure your stake in this thriving industrial hub.