Commercial space in Potchefstroom Central

R 14 000 000

Arshaad Essa

Choprop Sales & Letting-CHOPROP HOLDING S.A PTY (LTD)

Commercial space in Potchefstroom Central

R 14 000 000

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Cosmaya Building Potchefstroom 42 Flats and 10 Shops

Locality

The subject property is situated between Walter Sisulu Street (shop fronts side) and Auto Avenue (apartment access side). Walter Sisulu Street is the main commercial street of Potchefstroom. The street was previously known as Kerk Street and is a one-way street from south to north. The immediate vicinity is characterised by various retail buildings, offices and blocks with apartments. Municipal parking is provided for on Auto Avenue.

Potchefstroom is situated roughly 120km west-southwest of Johannesburg. Several industries are located in Potchefstroom such as steel, chemical processing and agriculture/food. Furthermore, Potchefstroom is home to the North-West University.

GPS co-ordinates for the site is (centre of property): S 2642''46.61″ E 2705''48.60″

Primary Use

42 Flats & 10 Shops

Walls External a combination of painted concrete frame with face brick infill and tile clad

Internal a combination tiled walls and painted plaster

Ceilings A combination of types including ceiling board and painted concrete

Flooring Ceramic tiles

Electricity Municipal Pre-paid meters for each tenant

Condition

The building was recently renovated. The property requires some repairs and maintenance in places. We

have not undertaken a structural survey nor have we arranged for tests or inspections of the service

installations, however these appear to be sound and in working order.

Accommodation

The subject property comprises a part double storey, part triple storey mixed use building. The shop side

of the building faces Walter Sisulu Street with the flats accessed over a municipal parking area from Auto

Avenue.

There are a total of 10 shops of various sizes facing Walter Sisulu Street.

The apartment component hosts a central paced court yard. Break-down of the flats:

Building

10 x 1 bedroom

2 x 2 bedroom

1 x 3 bedroom

3 x Single Rooms / Stores

11 x 1 bedroom

5 x 2 bedroom

2 x 3 bedroom

3 x 1 bedroom

3 x 2 bedroom

2 x 3 bedroom

Total 42

The current gross rental income is R158 297.07

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Arshaad Essa

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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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Commercial space in Potchefstroom Central

R 14 000 000

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