788 m² Commercial space in Potchefstroom Central

R 5 900 000

Bertus Huisamen

Barnard-Huisamen Properties

788 m² Commercial space in Potchefstroom Central

R 5 900 000

13 walter sisulu avenue
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Floor Area 788 m²

Big investment opportunity in the central part of the city of Potchefstroom. After years of running a very successful business concern, the owners are now moving towards retirement and we are looking for prospective buyers to take over this beautiful property. Initially the owners hosted a guest house, and although the income was very handy, the demands of running a full time concern became too much for them. They downscaled and for the past few years the flats are rented out to students on a fixed term rental agreement. The success is evident from the fact that there are often a whole list of prospective tenants who can’t be accommodated.

The fixed property is 2360 square metres with an entrance from two streets. There are buildings of 788 square metres and taken on a very conservative average of R 6500 per sqm, the property alone is worth in excess of R 5 000 000-00. Added to this is a concern delivering a nett profit which averages R 350 000-00 per annum. This does not reflect any income from the house itself, as the owners use it as their primary residence. Financial information will be made available to serious potential buyers.

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Experience Potchefstroom

Potchefstroom is an energetic, academic city, hosting the Potchefstroom Campus of the North West University. The community are friendly and helpful, consisting of mostly Afrikaans speakers. This area is known as the North-West Province's Home of Sport and is a home away from home for many international athletes and teams. With no large industries, this area has very clean air, and a low crime rate.

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788 m² Commercial space in Potchefstroom Central

R 5 900 000

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