458 m² Commercial space in Polokwane Central

This prime property is ideally situated in the heart of the CBD, on a busy four-lane, one-way street, within the medical zone. It is zoned for higher density residential use with income generated from the rental units, offering a versatile investment opportunity. The property consists of five separate residential units, each with its own unique features.

Unit 1 is the original 3-bedroom house, built in 1930, offering classic charm and spacious living areas. Unit 2 is a cozy 2-bedroom flat, perfect for smaller families or tenants seeking a compact space. Unit 3 is a generously sized 287 sqm double-storey house, providing ample room for a larger household or tenants seeking more space. Units 4 and 5 are separate 1-bedroom flats, ideal for single tenants or couples.

Additional outbuildings include a storage room and outdoor toilets. The property is securely enclosed with walls all around, and enhanced security features including electric wall-top fencing, a remote-controlled gate, security gates, and burglar bars. While there are no lock-up garages, each unit is provided with its own carport.

The total under-roof space is 458 sqm, offering plenty of living space across the five units. The current rental income is approximately R31,500.00 per month, making it a solid income-generating property. The property has been well-maintained, with only fair maintenance required moving forward, ensuring continued value for the investor.