This commercial property in Bloemfontein Central offers strong investment potential through its high rental income and versatile zoning for business/commercial use. Its prime location near educational institutions and existing amenities supports multiple revenue streams.
Income Potential
The property generates R55,000 monthly rental income, providing immediate cash flow stability. Present lease agreements can be reviewed by investors, ensuring predictable returns from current tenants.
Strategic Location
Proximity to Motheo TVET College (10-minute walk) and Central University of Technology positions it ideally for student accommodation demand. Nearby taverns, barbershops, tuckshops, and apartments indicate a vibrant mixed-use area with high foot traffic.
Development Flexibility
Approved building plans and roofing allow for expansions in retail, student housing, or residential uses on ERF sizes of 938 m². Additional features like a kitchenette, bathroom, and office space enhance adaptability for various ventures.
Zoning Advantages
Business/commercial zoning supports retail, offices, or conversions like student beds, aligning with Bloemfontein CBD trends for mixed-use investments. Contact Llewellyn Pelser at Pelser Real Estate for viewings and detailed investor info.