NEW
EXCLUSIVE MANDATETENDER
Web Ref CL35002
On Tender 15 June 2026: Prime Government-Tenanted Commercial Asset
On Tender 15 June 2026: Prime Government-Tenanted Commercial Asset
An exceptional opportunity to acquire a strategically located, government-tenanted commercial property in the heart of Kimberley’s central business district.
Purpose-built for the South African Revenue Service (SARS), this well-maintained office building offers investors secure income, strong underlying fundamentals, and future upside potential within one of the Northern Cape’s key administrative hubs.
Property Overview
Positioned on a prominent corner site, the property comprises a freehold commercial building with a total gross lettable area of approximately ±2,950 m², set on an erf of ±4,995 m².
GLA: ±2,950 m²
ERF Size: ±4,995 m²
Building: Two-storey office block (purpose-built)
Parking: ±70 bays
Access: Excellent access via Bean Street
The building has been designed to accommodate large-scale administrative operations, making it highly functional for both single-tenant and multi-tenant use.
Income & Tenancy Profile
The asset benefits from a blue-chip government tenant, providing income stability with future rental growth potential:
Tenant: South African Revenue Service (SARS)
Lease expiry: June 2028
Current occupancy: ±58% (with ±42% vacancy)
The existing vacancy provides a clear value-add opportunity through lease-up, enabling investors to significantly enhance returns over time.
Location & Accessibility
Situated within Kimberley’s CBD, the property enjoys:
High visibility on a prominent corner site
Immediate access to major transport routes (N12 & R64)
Proximity to government offices, retail amenities and commercial nodes
A strong surrounding administrative and commercial ecosystem
Kimberley, as the provincial capital, remains a key regional centre driven by government services, mining activity, and established infrastructure.
Investment Highlights
Government-backed tenancy (SARS) ensuring income security
Strategic CBD location with strong exposure and accessibility
Attractive income with rental reversion potential
Large, flexible floor plates suited to institutional users
Significant vacancy upside (±42%)
Well-maintained, purpose-built office asset
Opportunity
This property presents a compelling opportunity for:
Investors seeking secure, defensive income with upside
Funds targeting government-tenanted assets
Value-add investors focused on leasing and repositioning strategies
Owner-occupiers requiring a large-format corporate facility
Summary
A rare opportunity to acquire a government-anchored commercial building in Kimberley’s CBD, offering a combination of stable income, strategic location, and clear upside potential.
With a strong tenant covenant already in place and the ability to unlock further value through leasing, this asset represents a balanced investment opportunity combining income resilience with growth potential.
An exceptional opportunity to acquire a strategically located, government-tenanted commercial property in the heart of Kimberley’s central business district.
Purpose-built for the South African Revenue Service (SARS), this well-maintained office building offers investors secure income, strong underlying fundamentals, and future upside potential within one of the Northern Cape’s key administrative hubs.
Property Overview
Positioned on a prominent corner site, the property comprises a freehold commercial building with a total gross lettable area of approximately ±2,950 m², set on an erf of ±4,995 m².
GLA: ±2,950 m²
ERF Size: ±4,995 m²
Building: Two-storey office block (purpose-built)
Parking: ±70 bays
Access: Excellent access via Bean Street
The building has been designed to accommodate large-scale administrative operations, making it highly functional for both single-tenant and multi-tenant use.
Income & Tenancy Profile
The asset benefits from a blue-chip government tenant, providing income stability with future rental growth potential:
Tenant: South African Revenue Service (SARS)
Lease expiry: June 2028
Current occupancy: ±58% (with ±42% vacancy)
The existing vacancy provides a clear value-add opportunity through lease-up, enabling investors to significantly enhance returns over time.
Location & Accessibility
Situated within Kimberley’s CBD, the property enjoys:
High visibility on a prominent corner site
Immediate access to major transport routes (N12 & R64)
Proximity to government offices, retail amenities and commercial nodes
A strong surrounding administrative and commercial ecosystem
Kimberley, as the provincial capital, remains a key regional centre driven by government services, mining activity, and established infrastructure.
Investment Highlights
Government-backed tenancy (SARS) ensuring income security
Strategic CBD location with strong exposure and accessibility
Attractive income with rental reversion potential
Large, flexible floor plates suited to institutional users
Significant vacancy upside (±42%)
Well-maintained, purpose-built office asset
Opportunity
This property presents a compelling opportunity for:
Investors seeking secure, defensive income with upside
Funds targeting government-tenanted assets
Value-add investors focused on leasing and repositioning strategies
Owner-occupiers requiring a large-format corporate facility
Summary
A rare opportunity to acquire a government-anchored commercial building in Kimberley’s CBD, offering a combination of stable income, strategic location, and clear upside potential.
With a strong tenant covenant already in place and the ability to unlock further value through leasing, this asset represents a balanced investment opportunity combining income resilience with growth potential.
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
2,950m²
Land Size
4,995m²
