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Apartment
·
for sale
R 6 450 000
R 4 145/m²
Commercial Property in Polokwane Central For Sale
Ivy Park
· 1 556 m² · 9 Baths · Apartment
Ivy Park · 1 556 m² · 9 Baths · Apartment
Positioned on a prominent corner in the heart of Polokwane Central, this substantial two-storey commercial property offers excellent visibility, strong street presence and compelling income-growth potential. With approximately 1,556 m² of total GLA across two levels, the property provides investors with a rare opportunity to acquire a sizeable, flexible commercial asset in a well-established business district. Property overview The property is situated on an erf measuring approximately 923 m². The total GLA is approximately 1,556 m², comprising a ground floor of approximately 778 m² and a first floor of approximately 778 m². The property offers two substantial commercial levels, a prominent corner position, excellent visibility and direct street access. Investment highlights Based on the current advertised price, the property offers a current gross annual ROI of approximately 12.28%. The current gross annual return is generated from the existing ground-floor rental income. The prospect
Positioned on a prominent corner in the heart of Polokwane Central, this substantial two-storey commercial property offers excellent visibility, strong street presence and compelling income-growth potential. With approximately 1,556 m² of total GLA across two levels, the property provides investors with a rare opportunity to acquire a sizeable, flexible commercial asset in a well-established business district. Property overview The property is situated on an erf measuring approximately 923 m². The total GLA is approximately 1,556 m², comprising a ground floor of approximately 778 m² and a first floor of approximately 778 m². The property offers two substantial commercial levels, a prominent corner position, excellent visibility and direct street access. Investment highlights Based on the current advertised price, the property offers a current gross annual ROI of approximately 12.28%. The current gross annual return is generated from the existing ground-floor rental income. The prospect
R 6 450 000