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Property
Description

Property Description

Klerksdorp is +_180km (a 2hr drive) in a south-westerly direction on the N12 out of Gauteng through Potchefstroom in the North West Province. The Klerksdorp CBD and commercial node spreads out from the intersection of the above main road and the R30 which runs in a north to south direction. The town is laid out in a grid format with Church running north to south and Delivers east to west. 

The subject property is on the southerly corner of this intersection. The building is 2 storeys with retail on the ground floor facing the road and the 1st floor of offices above. The ground floor retail space is anchored by OK furniture’s as a tenant on the Delvers street side and has Best Electric and GEM furniture’s have the key position on the corner with excellent exposure and signage facing the intersection. 

Net Annual Income = R1.760mil.

Info pack on request contains more details:

• Tenancy Schedule 

• Annual Budget 2021-year end

Area Description

Klerksdorp is a buzzing city that attracts many investors and tourists. This is a result of the types of property and the rich heritage they are exposed to. The city is a hot spot for younger buyers who aim to flourish their careers in the mining and agricultural industries. 

Older investors, on the other hand, enjoy the tranquillity offered in one of the many lovely suburbs. In recent months there were several commercial and residential developments in Klerksdorp that resurrected the property market.  Even though gold mining is the major source of income for the community, Klerksdorp is sited as a prominent educational, retail end medical hub for the NW Province and neighbouring Northern Free State.

PROPERTY TYPE:
Commercial

PROPERTY ADDRESS:
69 O.R Tambo Street , Klerksdorp - Property Ref: F107063, Matlosana , North West

AUCTION ADDRESS:
Masingita House , 41 West Street, Houghton Estate , Johannesburg , Gauteng

AUCTION DATE:
2021-05-26

AUCTION START TIME:
12:00

KEY FEATURES

ERF SIZE: 2000m2 | GBA: 7931m2

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