9 482 m² Commercial space in Polokwane Central

Address: 51 Market Street, Polokwane Central, Polokwane

Zoning: Municipal

Key Property Stats

Gross Lettable Area (GLA): 9,482 m

Parking Bays: 481

Occupancy Rate: 76.19%

Location Highlights

Strategically positioned in the heart of Polokwane Central.

Excellent access to Kerk Street, Thabo Mbeki Street, Grobler Street, and the N1 highway.

Located near major transport routes with a well-integrated taxi rank on-site, boosting foot traffic.

Surrounded by a mix of retail, commercial, and residential developments.

Property Overview

Double-storey mixed-use building

o Retail on the ground floor

o Offices on the upper floor

24-hour access control ensures safety for tenants and visitors

Close proximity to various dining options and retail offerings

Anchor Tenant

Shoprite Checkers (Pty) Ltd occupying approx. 3,234 m

Tenant Mix Includes:

Major retailers: Shoprite, Shoprite Liquor, Ackermans, PEP, Vodacom

Financial services: FirstRand Bank, Metrofin Finance, Fundi Capital, Metropolitan

Medical and health: Drs Khoza and Mathebula, Dr M.T. Makhomisane, Mediserv Pharmacy, Mafokoane Optometrist

Other commercial tenants: Van Schaik Bookstore, King Pie, Kimmy Foods, Techno Byte, Bomma Sneakers, Jabu Stone, and more

Investment Potential

Strong anchor and national tenant presence

High-traffic location with consistent footfall

Opportunity to improve yield through leasing up remaining vacancies

Located in an established commercial hub with potential for long-term growth and tenant retention