Executive Summary

Property Address: 51 Transvaal Street, Lichtenburg, Northwest

Property Type: Mixed-Use Commercial Building

Total Land Size: 2,600m²

Ground Floor: 1,900m² of retail space with main road exposure

Second and Third Floors: 377m², currently leased

Ideal for owner-occupier retail use with brand exposure in a busy commercial node

Property Overview

The subject property, located at 51 Transvaal Street in Lichtenburg, offers a prime opportunity within a thriving retail and commercial district. The property spans ±2,600m² across three floors, with the ground floor featuring a substantial ±1,900m² of retail space. This area benefits from excellent exposure to a busy main road, enhancing its appeal for businesses seeking visibility.

The second and third floors, each ±377m², are currently occupied by tenants on a month-to-month basis, generating stable rental income. The building is well-equipped with loading bays and dispatch facilities at the rear, making it highly functional for retail and distribution purposes.

Market Analysis

Lichtenburg’s CBD is a bustling commercial hub with high foot traffic and a strong demand for retail services, catering to both local residents and the surrounding agricultural communities. The strategic location of 51 Transvaal Street within this node makes it particularly attractive for retailers looking to establish or expand their presence in the area.

Market Highlights:

High-Density Residential Component: The property is surrounded by high-density residential areas, providing a steady customer base.

Retail Demand: There is a significant need for additional retail offerings in the CBD to serve both local and outlying areas.

Accessibility: The property is easily accessible via major roads, including the N14, enhancing its connectivity and appeal for both customers and suppliers.

Current Monthly Income:

Department of Rural Environment: R159,267.95 (month-to-month)

Bismillah Mini Market: R11,321.81 (month-to-month)

Total Income: R172,857.09 per month

Features

1850m² ground floor retail

Main road exposure

High-density node

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