This versatile investment property presents an outstanding opportunity for entrepreneurs and investors alike. The property combines a functional commercial office space with 4 income-generating apartments, creating multiple streams of revenue from one well-positioned asset.
Currently generating an income of approximately R17 500 per month, with one apartment presently vacant, the property still offers immediate earning potential with room to increase returns once fully occupied.
Adding even greater value are the incomplete structures on the property, offering the perfect opportunity for further development and expansion. Whether completed as additional rental units, office space, storage facilities, or accommodation, the possibilities are extensive for an investor with vision.
The spacious yard further enhances the property's appeal, providing ample room for future expansion and development to maximize the property's full income-producing potential.
A rare opportunity to secure a property that not only delivers existing income but also offers significant growth potential for the future.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 24 listings in Potchefstroom (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
24 similar listings
Medium similar-home inventory town-wide (Potchefstroom)
Median time on market: 541 days
Some listings may be stale.
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Potchefstroom Central offers a vibrant, historic urban lifestyle characterized by its proximity to the North-West University, tree-lined streets, and a convenient mix of essential amenities and academic culture.
* Distances and amenities are approximate.