PrimeLocation SA has a Sole Mandate to sell this fully Tenanted Office Block at 50 Walter Sisulu Avenue, Potchefstroom. The property has an almost square shape and borders onto vacant land, used for additional parking by the tenant leasing the ground floor. Being a corner stand the property has high visibility and is located on 3 roads, namely Walter Sisulu, Retief Street and Maury Avenue. It is a double storey office block that houses an insurance company on the ground floor and a private nursing campus on the first floor. There is newly installed Clearview fence around the perimeter of the premises.
PROPERTY FEATURES
- Double Storey Office Block
- Located within the Potchefstroom CBD
- Erf Size: 5400m2
- Gross Lettable Area: 2522m2
- Zoning: Business 1
INVESTMENT SUMMARY
- Fully Tenanted
- Tenant One, Occupies 993.40m2 on the first floor.
- Tenant Two, Occupies 1501m2 on the ground floor.
- Net Annual Income: Approximately R2 573 816
- Selling Price: R17 150 000
- Yield: 15%
TOWN PLANNING CONDITIONS
- Coverage: Current is 1546m2 and permitted is 3240m2
- Height: Current is 2 storeys and permitted is 3 storeys
- FAR: Current is 3042m2 and permitted is 8100m2

Please note the figures provided above are estimations only. The buyer would be given the opportunity to conduct a thorough due-diligence before purchasing the Asset.

Please don't hesitate to contact me should you require more information about the asset, or if you would like to view it.