Polokwane Central - Property ref:f108844

Property
Description

Property Description

Located in the heart of Polokwane CBD, this established multi-tenanted commercial property is positioned in a busy retail and trading area with excellent visibility, strong pedestrian traffic and continuous passing trade. The property is also conveniently situated close to the taxi rank, supporting consistent daily activity. The property is situated on an erf of approximately 2 177 m² and is divided into 10 retail/commercial units, providing a diversified income stream from an established tenant base. With its central CBD position, multiple tenancies and existing rental income, the property presents an opportunity for an investor looking for an income-generating commercial asset in an active Polokwane trading node.

Features

Approximately 2 177 m² erf

10 Retail/commercial units

Multi-tenanted investment property

Established tenant mix

Tenant mix: businesses

Existing rental income

Excellent street exposure and accessibility

Strong pedestrian and passing traffic

Close proximity to the taxi rank

Zoning: Business 1

Area Description

Polokwane is the capital of Limpopo and the province’s principal commercial and administrative centre, falling within the Polokwane Local Municipality and the Capricorn District. The city was formerly named Pietersburg, and older records and addresses still carry that name. General Joubert Street runs through Polokwane Central, the established CBD grid, in a dense trading area of street-front retail, wholesalers and service businesses. The City Center Taxi Rank is under half a kilometre from the property and is the main long-distance and township taxi terminus for the city, which is the source of the pedestrian volumes the seller describes. The Polokwane Train Station lies about six hundred metres north, the Library Gardens precinct and city library roughly seven hundred and fifty metres south-east, and the municipal civic offices about a kilometre and a third away. Polokwane Provincial Hospital is a little over a kilometre north-east. The city’s two regional shopping centres, Savannah Mall and Mall of the North, sit outside the CBD at roughly four and seven kilometres respectively, and Polokwane International Airport is about five kilometres north. Polokwane sits on the N1 corridor between Gauteng and the Limpopo border posts, which underpins the passing trade through the central business district.

Area Amenities

City Center Taxi Rank, Dahl Street – 0.4 km

Polokwane Train Station, Market Street – 0.6 km

Polokwane City Library and Library Gardens – 0.8 km

Shoprite Pietersburg, Market Street – 1.0 km

Polokwane Provincial Hospital, Dorp Street – 1.1 km