Discover Thatch Palace, a fully equipped commercial property set on 7.47 hectares of land, offering a diverse range of income streams. This well-maintained estate is a highly profitable investment, generating consistent rental income from tenants leasing both land and buildings.
Property Features:
- 32 Fully Equipped Rooms – Each with its own bathroom and kitchenette, providing comfortable accommodation for long-term and short-term tenants.
- Two 2-Bedroom Houses – Perfect for on-site management or additional rental income.
- Office Space – Dedicated offices for business operations or administration.
- Retail & Commercial Infrastructure – Includes a supermarket, liquor store, bakery and butchery, with a generator ensuring uninterrupted power supply for the shop.
- Covered Parking & Truck Stop – Ample space for vehicles and trucks, making it an ideal location for logistics or transport businesses.
- Water & Power Security – Three JoJo tanks and Dalmada water supply, backed by three-phase electricity, ensuring a reliable utility infrastructure.
- Security & Storage – CCTV surveillance, staff rooms, and storage facilities provide a secure and efficient working environment.
- Outdoor & Recreational Features – Includes a swimming pool and a lapa with a built-in braai, adding value to the property.
- Paved Grounds & Infrastructure – Ensuring a well-maintained, low-maintenance environment for both commercial and residential use.
Why Invest in Thatch Palace?
- Excellent Rental Income – Existing tenants leasing various spaces generate a stable cash flow.
- Versatile Use – Suitable for accommodation, retail, logistics, and commercial operations.
- Strategic Location – Positioned for high demand with easy access and infrastructure.
- Expansion Potential – Ample space for further development or additional business opportunities.
Going Concern Opportunity
- Purchasing Thatch Palace as a going concern presents a significant advantage for investors. The property includes an established business with a valid liquor license, allowing for immediate operation and income generation.
- Liquor License Included – An asset that ensures continued business operation without the need for additional applications.
- Seamless Transition – Take over a fully functional business with existing tenants and revenue streams.
- Tax Benefits – If purchased as a going concern, the transaction may qualify for VAT at a zero rate, offering substantial savings.
- Note: Should the property be purchased without the business, VAT will be applicable on the sale price.
This is an incredible investment opportunity in Polokwane, offering both security and profitability.
Contact us today to arrange a private viewing and secure this exceptional property!
