Prime Investment Opportunity: 1,427 m² Stand with Development & Office Potential in Annadale
Positioned on Pietersburg Street in Annadale, Polokwane, this versatile 1,427 m² property offers a rare multi-use opportunity for developers, investors, and business owners alike. Previously utilized as commercial office space, the building offers a functional layout that can easily be retained for professional suites, converted back into a residential family home, or redeveloped into a high-density rental asset.
Property Overview & Key Features
Erf Size: 1,427 m²
Building Footprint: 458 m² inclusive of outbuildings
Interior Configuration: 3 spacious rooms bedrooms or offices, 1 bathroom, and open receptionliving space.
Parking & Garaging: 1 detached lock-up garage and a large covered carport accommodating up to 3 vehicles, with ample open paved space for extra visitor parking.
Location Advantages: Situated on established Pietersburg Street with high visibility and convenient access to essential amenities, schools, and fuel stations within a 2 km radius.
Investor & Development Highlights
High-Density Potential: The expansive, flat 1,427 m² stand provides substantial open yard space, ideally suited for constructing high-yield flatlets, multi-unit residential accommodation, or townhouses subject to necessary municipal re-zoning and approvals.
Dual-Purpose Utility: Ready to generate immediate income as office premises or residential rental while development plans are finalized.
Strong Area Demand: Located in an established neighborhood with consistent demand for affordable rental housing and commercial services.