COMMERCIAL PROPERTY FOR SALE IN CENTRAL POLOKWANE on a 4668m² stand.

R 23,897,500

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7 months ago403 views
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General Details
Description
This extraordinary ±2400m², double storey, face brick building consists of 48 bedrooms , all with en-suite bathrooms, PLUS previously approved plans for another 24 rooms that could be added.

It’s conveniently situated in the centre of the business district and bursts with potential!!
All the bedrooms have TV connections, air-conditioning units and kitchenettes. There is ample
shaded parking and a swimming pool.
The dining hall and 2 other conference rooms are large enough to each seat 40-60 guests easily.
These are also fitted with TV connections.
There is a kitchen with gas installation, storerooms, a cold room, ample restrooms, a reception with
an office and a toilet, and one-bedroom staff accommodation with shower and a separate toilet.
The Bar area with built in fridges can be used as a restaurant and there are extra offices on the top floor.
The property is totally walled with two automated gates, a guard house, an electric fence as well as CCTV cameras for extra security.

This property could be Ideal for STUDENT ACCOMMODATION or OFFICES.
(Zoning: Residential 3)

OTHER NOTES:
- Close to The High Court
- Close to Police Station
- Close to CBD
- Easy access to the N1
- Nearby Technicon and Colleges
- Close to Shops and Malls

*KINDLY NOTE THAT THE PRICE EXCLUDES VAT.

Rates And Taxes: 31000
Property Reference #: 169

Agent Details:
Cherique Minnaar
Simply Properties
7 Ismini Avenue, Bendor, Polokwane, 0699

Id Subtitle 1235032650
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Estimated monthly repaymentR 258,979
Total property loan amountR 23,897,500
Total interestR 38,257,435
Total repaymentR 62,154,935
Interest rate at 11.75% for 20 years *
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