NEW
Web Ref CL35018
ON AUCTION 1 JULY 2026 - HIGH STREET INCOME-PRODUCING ASSET
ON AUCTION 1 JULY 2026 - HIGH STREET INCOME-PRODUCING ASSET
Prominently located at 29 Main Street in the commercial core of Mahikeng, this high-exposure corner property benefits from strong visibility along a busy arterial route. The site enjoys excellent accessibility and forms part of an established mixed-use node comprising retail, office, and government-related activity.
Mahikeng, the capital of the North West Province, serves as a key administrative and service hub for the region. It benefits from a steady flow of government employees, students, and local commerce, supported by institutions such as UNISA and various public-sector offices. The area has a consistent residential base and surrounding rural catchment, which contributes to sustained demand for retail and essential services within the town centre.
The property itself is a mixed-use investment comprising retail and office components, with national tenants occupying a significant portion of the space, including UNISA and Assupol. It is currently approximately 78% tenanted, generating a gross annual income of approximately R3 060 374.88. The site offers strong fundamentals for income stability with further leasing upside.
Zoned Business 1, the property sits on an erf of approximately 2 601m², making it a well-sized commercial holding in a central and high-footfall location.
KEY FEATURES:
- GAI: +- R 3 060 000 (78% TENANTED)
- ERF: 2601 SQM
- GLA: +- 2601 SQM
- ZONING: BUSINESS 1
Prominently located at 29 Main Street in the commercial core of Mahikeng, this high-exposure corner property benefits from strong visibility along a busy arterial route. The site enjoys excellent accessibility and forms part of an established mixed-use node comprising retail, office, and government-related activity.
Mahikeng, the capital of the North West Province, serves as a key administrative and service hub for the region. It benefits from a steady flow of government employees, students, and local commerce, supported by institutions such as UNISA and various public-sector offices. The area has a consistent residential base and surrounding rural catchment, which contributes to sustained demand for retail and essential services within the town centre.
The property itself is a mixed-use investment comprising retail and office components, with national tenants occupying a significant portion of the space, including UNISA and Assupol. It is currently approximately 78% tenanted, generating a gross annual income of approximately R3 060 374.88. The site offers strong fundamentals for income stability with further leasing upside.
Zoned Business 1, the property sits on an erf of approximately 2 601m², making it a well-sized commercial holding in a central and high-footfall location.
KEY FEATURES:
- GAI: +- R 3 060 000 (78% TENANTED)
- ERF: 2601 SQM
- GLA: +- 2601 SQM
- ZONING: BUSINESS 1
Features
Zoning
Mixed Use
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
2,601m²
Land Size
2,601m²
