Accepting Offers.
DESCRIPTION:
Investment Opportunity—In the Heart of Ficksburg.
This commercial gem is located right in the center of Ficksburg. The building is ideally positioned along major transport routes and near community activities. This double-story building has ideal footfall & traffic flow, which offers a keen investor great upside.
The building comprises 2 sizable trading areas, a staff room, ablutions (paraplegic, male & female), multiple storerooms, a canteen and kitchen, and offices. In addition, the building entrance is wheelchair-friendly.
The estimated GLA is 677m² spread over two floors. The ground floor is currently tenanted out to a well-established national clothing retailer under a long-term lease, while the top floor is recently vacant, which presents a potential additional rental income.
Value: A-grade anchor tenant. Current net yield is ±10.6% (gross 12.4%). Solid 6% escalations annually. Upside potential: Re-tenanting vacant unit, advertising/signage, solar installation.
Within proximity of Ficksburg Town Hall, national retailers, educational institutions, places of worship, and Ficksburg Hospital, to name a few.
Viewings: By Appointment Only.
Contact Sachin and Rob for more info or OTP. Exclusive commercial finance is available.
Claremart Advisory is available for any feasibility & development planning.
DETAILS:
• Erf size: 373m²
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Ficksburg, Ficksburg, Free State
