Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 3 850 000

Commercial Property for Sale in Capricorn

Capricorn, Polokwane

Contact broker for street address

557 m²

Contact Broker

Leoné Oosthuizen

Show Contact Number

Multi-Tenanted Property Investment Opportunity

This exceptional rental property offers a prime investment opportunity in Capricorn, Polokwane. Situated within walking distance from The Greenery and less than one kilometre from the new 488-bed academic hospital currently under construction.

Whether you’re a seasoned investor or looking to kick-start your property portfolio, this unique opportunity combines a steady rental income with future growth potential.

Perfectly designed for a commune setup, this property offers comfortable living for tenants in a safe neighbourhood near sought-after amenities for added convenience.

Two buildings make up the six dwellings on the stand:

- 5 flats sharing an entrance gate, each unit with its own secure parking space, plus guest parking.

- A bachelor, 3x two-bedroom units, and a three-bedroom unit.

- A four-bedroom house with two bathrooms, multiple living...

Whether you’re a seasoned investor or looking to kick-start your property portfolio, this unique opportunity combines a steady rental income with future growth potential.

Perfectly designed for a commune setup, this property offers comfortable living for tenants in a safe neighbourhood near sought-after amenities for added convenience.

Two buildings make up the six dwellings on the stand:

- 5 flats sharing an entrance gate, each unit with its own secure parking space, plus guest parking.

- A bachelor, 3x two-bedroom units, and a three-bedroom unit.

- A four-bedroom house with two bathrooms, multiple living areas, a dining room, a kitchen, laundry, a double garage, and an exclusive-use garden and entrance gate.

- 557m² gross lettable area.

- Return on investment is currently 9.6%. A future ROI of 12% can be achieved.

- Not VAT registered. Transfer fees will apply.

For investors looking for more than just a rental income, the property has already been rezoned for Residential 2 (medium-density residential development), paving the way for future expansion. This location also holds immense potential for overnight accommodation or long-term rental options for contractors. The zoning allows a building height of two storeys, as well as building coverage of up to 70% of the ERF.

With its central location, a diverse array of possibilities and income-generating potential from day one, this address offers an attractive investment opportunity.

Calling all serious investors, don’t miss out on owning prime real estate in a sought-after location.

Moving in? Moving out? Moving up?

Call Leoné

Listing number: P24-115059292, Image number: 1

Listing number: P24-115059292, Image number: 2

Listing number: P24-115059292, Image number: 3

Listing number: P24-115059292, Image number: 4

Listing number: P24-115059292, Image number: 5

Listing number: P24-115059292, Image number: 6

Listing number: P24-115059292, Image number: 7

Listing number: P24-115059292, Image number: 8

Listing number: P24-115059292, Image number: 9

Property Overview

Listing Number

115059292

Type of Property

Commercial Property

Listing Date

11 October 2024

Erf Size

1 573 m²

Floor Size

1573 m²

Rates and Taxes

R 1 800

Zoning

General Residential

Facilities

Bedrooms

Built-in Cupboards, Queen Bedroom

Bathrooms

In unit bathrooms

Kitchens

Sink

External Features

Parking

Secure parking, Visitor parking

Building

Gross Lettable Area

557 m²

Multi Tenanted

Yes

Style

Traditional

Roof

Zinc

Wall

Plaster, Face-brick

Window

Steel

Standalone Building

Yes

Number of floors

Backup Water

Water Tank

Other Features

Security

Totally Fenced

Nearby Public Transport

Bus, Minibus Taxi

Internet Access

Fibre, Fixed WiMax

Backup Water

Yes

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.