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R 10 600 000

Commercial Property for Sale in Polokwane Central

Polokwane Central, Polokwane

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583 m²

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J.P Lopes

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Student Accommodation! Investment Opportunity!

This is most certainly the best student accommodation opportunity around. This property is literally 50 metres from UNISA and in walking distance to other FET Colleges in the Polokwane CBD.

The triple storey property offers 18 spacious units, comprising of 3 bedroomed, 2 bedroomed, 1 bedroomed and bachelors, totalling 32 bedrooms. The building has recently been renovated with new and fresh finishes and offer ample parking space.

The building is currently leased out to a company with a student accommodation contract which is up for renewal in March 2026. The property generates R107 000.00 per month and the lease is responsible for general maintenance and the municipal rates and taxes. Doesn’t a 12.5% r.O.I sound good?

Don’t miss out on this fantastic chance to create a profitable and desirable business.

Call me TODAY for an exclusive viewing appointment.

If this...

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Property Overview

Listing Number

112273364

Type of Property

Commercial Property

Lifestyle

Student Accommodation

Listing Date

03 February 2023

Erf Size

1 428 m²

Floor Size

583 m²

Rates and Taxes

R 6 000

Facilities

Bedrooms

Built-in Cupboards

Bathrooms

In unit bathrooms

Kitchens

External Features

Parking

Other Features

Security

Totally Fenced

Points of Interest

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