1 807 m² Commercial space in Annadale

Unlock the full potential of this expansive, income-generating property located in the vibrant Annadale area of Polokwane. This well-maintained complex includes 24 units, a large warehouse, and offers a unique opportunity for both immediate rental returns and future development.

Currently, the property includes 18 one-bedroom flats, 6 retail units, and 1 two-bedroom flat all situated in a location thats perfect for residential or commercial use. Its standout feature is the potential to convert each unit into 4-bedroom student accommodations, allowing for up to 96 student beds in total.

Property Breakdown

18 x One-Bedroom Apartments

6 x Ground-Level Shops (Retail tenants in place)

1 x Two-Bedroom Apartment

1 x Large Warehouse/Storage Facility

All 24 Units Can Be Reconfigured to suit student housing demand

Floor Area Overview:

Front Section: 720 m2

Middle Section: 720 m2

Warehouse Area: 300 m2

This layout provides ample space for reimagining the use of each structure, from high-density residential to hybrid commercial setups.

Rental & Revenue Details:

Current Net Income (Excl. VAT): R1,480,152.00 per annum

Net Income (Incl. VAT): R1,517,772.00

Selling Price (Excl. VAT): R15,000,000.00

Selling Price (Incl. VAT): R17,250,000.00

Net ROI: 9.87%

What Makes This a Great Buy?

High-Demand Location Close to major educational institutions and amenities

Flexible Zoning Use Perfect for student accommodation, commercial ventures, or both

Stable Existing Tenancies Retail and residential income already in place

Expansion Opportunities Large warehouse space can be adapted for more units or business operations

Dont miss your chance to own a property with solid returns and long-term growth prospects. This is a rare opportunity in a sought-after location.

Contact us today for more information or to schedule a viewing.