Income Producing Opportunity Located In Bloemfontein Central - On Auction 21 November

On Auction 21 November - Income Producing Opportunity Located In Bloemfontein Central(Gross Annual Income: +- R6,231,305.45 p.a.)

Property Description

The property is a multi-tenanted office building with a substantial retail component on the ground floor.

The structure features a concrete roof with a mix of gypsum board, suspended board, and rhinoboard ceilings. The external walls are constructed with pebblestone-finished brick, plastered and painted brick, and tile façade finishes, while the interior walls are plastered and painted brick or drywall partitions. Flooring is varied, including carpet, ceramic tiles, and vinyl sheeting. Glazing is a mix of steel frames with clear and stained glass, as well as aluminum frames.

Lighting throughout the building consists of fluorescent fixtures, downlights, and standard fittings. The property is equipped with two Mitsubishi lifts (1050 kg capacity each) and a concrete staircase with ceramic tile finishes.

The ground floor accommodates three retail shops, with office access available from West Burger Street. Each office floor includes kitchenette and restroom facilities. Climate control is provided by a central air-conditioning system, supplemented by individual wall-mounted AC units.

Location Overview

The property is situated within the Central Business District (CBD) of Bloemfontein, in a well-established, mixed-use area that includes office, retail, commercial, residential, and educational buildings. The location is highly advantageous due to its proximity to a full range of amenities and services, all accessible within a short walk.

The property is conveniently located near major routes and freeways, enhancing accessibility for tenants and visitors. Key landmarks such as the Bloemfontein Appeal Court are also within walking distance, and the building is adjacent to the Sanlam Plaza shopping center, offering additional retail and service options.

This prime location contributes to the property’s appeal for both commercial and retail tenants, ensuring steady demand.