Commercial for sale in Polokwane Central

Address: 51 Market Street, Polokwane Central, Polokwane

Zoning: Municipal

Key Property Stats

• Gross Lettable Area (GLA): 9,482 m2
• Parking Bays: 481
• Occupancy Rate: 76.19%

Location Highlights

• Strategically positioned in the heart of Polokwane Central.
• Excellent access to Kerk Street, Thabo Mbeki Street, Grobler Street, and the N1 highway.
• Located near major transport routes with a well-integrated taxi rank on-site, boosting foot traffic.
• Surrounded by a mix of retail, commercial, and residential developments.

Property Overview

• Double-storey mixed-use building

o Retail on the ground floor

o Offices on the upper floor

• 24-hour access control ensures safety for tenants and visitors
• Close proximity to various dining options and retail offerings

Anchor Tenant

• Shoprite Checkers (Pty) Ltd – occupying approx. 3,234 m2

Tenant Mix Includes:

• Major retailers: Shoprite, Shoprite Liquor, Ackermans, PEP, Vodacom
• Financial services: FirstRand Bank, Metrofin Finance, Fundi Capital, Metropolitan
• Medical and health: Drs Khoza and Mathebula, Dr M.T. Makhomisane, Mediserv Pharmacy, Mafokoane Optometrist
• Other commercial tenants: Van Schaik Bookstore, King Pie, Kimmy Foods, Techno Byte, Bomma Sneakers, Jabu Stone, and more

Investment Potential

• Strong anchor and national tenant presence
• High-traffic location with consistent footfall
• Opportunity to improve yield through leasing up remaining vacancies
• Located in an established commercial hub with potential for long-term growth and tenant retention