A great investment with a full earning capacity of R46 000.00 per month.
Situated in the heart of Bedford town (the Hub) this Commercial Building is notable for its historic character and heritage. From the time it was built in 1899, it has been a landmark property on the main route through the town R63 (Donkin Street).
The historic 1400 square meter building is undergoing renovations to gradually restore it and bring it in line with other nearby developments, namely the hub group of buildings. It has served as a convenient mini retail shopping complex servicing the region of over 35,000 inhabitants plus a large farming community as well as the many travelers passing through. The town has a Spar, Pep Stores, U-save, Build-it, a pharmacy, and a furniture factory with many small niche businesses like coffee shops, 2 art galleries, a hairdresser, and a nursery.
An elegant boutique hotel The Duke of Bedford presents a Wellness Centre, Conference facilities, a training swimming pool, plus a Heli-pad. This beautiful country town hosts the famous annual Rose Garden Festival. It has a prestigious Bowling club, Tennis courts, a 9-hole Golf course with monthly and annual competitions, plus the ongoing National bridge club event The vision for the building is that it will attract tenants of a certain caliber, and with an appreciation of the potential the site has to offer, taking advantage of the central location and inherent charm of the building. It is well-managed and maintained.
This building/shopping center offers 6 shops and 2 courtyards.
Shop 1 & 2 The current tenant has been there for the past 20 years Shop 1 Floor space = 76m & Shop 2 Floor space = 202m
Shop 3 This tenant is the anchor tenant for over 35 years Floor space 247.72m
Shop 4 - The current tenant is a general dealer Floor space 171.5m
Shop 5 The current tenant is a security company Floor Space 85.5m
Shop 6 A workshop, no tenant currently Floor space 189.5m and the courtyard 140m
