Newly renovated Retail and Apartment Complex , Partly double and Partly double S - Potchefstroom

Friday, 3 November 2017

Item details

City: Potchefstroom, North West
Offer type: Sell
Price: R 13,200,000
Full Square, m²:1912


Contact name 0728989523
Phone 0824431519

Item description

Newly renovated Retail and Apartment Complex , Partly double and Partly double Storey in Potchefroom, North West FOR SALE- 1912 m²
Primary Use 42 Flats & 10 Shops . Ground Floor =1460 m². First Floor = 1460 m². Second Floor = 640 m
Total foor area = 3560 m². 100 tenancy for the shops : Rental; commences from R 3 600.00 per Month. Apartments fully occupied with Rental ranging from R 2 500.00 to R 3 450.00 per Month. Exterior is a combination of painted concrete frame with face brick infill and tile clad , Interior 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. Floor specifications: of the apartments: Ground Floor 10 x 1 bedroom, 2 x 2 bedroom, 1 x 3 bedroom, 3 x Single Rooms / Stores. 1st Floor 11 x 1 bedroom, 5 x 2 bedroom, 2 x 3 bedroom. 2nd Floor 3 x 1 bedroom, 3 x 2 bedroom, 2 x 3 bedroom . Total 42. Building Sizes Approximate Gross Building Areas based on-site and additional aerial measurements (including enclosed stairwells and enclosed passages) . Component GBA (±m²)
known as Kerk Street and is a one-way street from south to north. The immediate vicinity is characterized by various retail buildings, offices and blocks with apartments. Municipal parking is provided for on Auto Avenue. Potchefstroom is situated roughtly 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 26°42'46.61"; E 27°05'48.60"

Asking Price: R 13 2 Million
Contact Aubrey now on 084 520 7977 or email

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