Expansive Commercial Site / Redevelopment Opportunity

Expansive Commercial Site / Redevelopment Opportunity

Key investment highlights:
- Easily accessible and high exposure location
- Erf extent: ± 45 600m²
- "Business" zoning (As per seller provided information and to be confirmed)

Spread across an expansive Erf extent of 4.56 hectares, the property provides for a rectangular shaped improved section (±25 000m²) and a L-shaped unimproved section (±20 000m²) that is overgrown and provides two tarred roads running through it. The improved section hosts a gross floor area of ±1 918m² under roof featuring three single-story office buildings, a staff change room with storage, an office building with attached workshop space, and an office/store workshop building. The site includes a 2,000m² tarred and fenced yard previously used for cables. The property also includes a guard house at the main entrance to the property.

Buildings 1 and 2 at the front offer reception areas, offices, boardrooms, open-plan spaces, and amenities, while Building 3 houses staff facilities and a storeroom. Building 4 combines offices with raised workshop areas, and Building 5 includes high-tech workshop space. Air conditioning is present in selected offices, but operational status is unconfirmed. The property suits both single and multi-tenant occupancy and features perimeter fencing, paved walkways, driveways, and aprons, along with covered parking for 32 vehicles and open demarcated bays. Two open-sided lean-to structures serve as storage or work areas.

The site also includes a lean-to structure with an attached office, previously used for petrol filling, although infrastructure is not available. The buildings are strategically positioned to facilitate smooth maneuverability and traffic flow.

The property is located adjacent to the main thoroughfare of Rustenburg, less than 3 kilometres northwest of the CBD. Accessible via Swartruggens Road (R104), it sits on an unnamed service road, occupying a corner stand with approximately 434 meters of street exposure. Positioned within a well-established residential zone, it faces the commercial hub of Tlhabane and enjoys convenient access to primary and secondary routes. Surrounding amenities include the recently constructed Tlhabane Square, Netcare Ferncrest Hospital, Tlhabane Police Station, and Bafokeng Magistrates Court.