AUCT-002432 | SOLD

CBD Retail & Commercial Investment

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    2025-03-18 11:00:00
    CBD Retail & Commercial Investment

    CBD Retail & Commercial Investment. 24 Bathurst Street, Grahamstown, Eastern Cape

    Extent: ± 940 m² | GBA: ± 500 m² | Gross Annual Income: ± R 457K | Zoning: Business 1

    Makhanda, Eastern Cape


    The property is a well-located, mixed-use commercial investment in Grahamstown’s CBD, positioned along Bathurst and Princess Streets. It spans ± 940m², offering 10.7m frontage onto Bathurst Street, providing excellent exposure to pedestrian and vehicular traffic.
    The site is level and receives full municipal services.
    Improvements

    A partly double-storey commercial building features:
    • Ground Floor (Retail Space) – ± 236 m² Open-plan retail area with a kitchenette, staff, and customer ablutions. Finishes include ceramic floor tiles, plastered ceilings, fluorescent lighting.
    • First Floor (Office Space) – ± 263 m²
    Currently divided into individual offices with a reception, boardroom, filing room, kitchenette, and communal ablutions.

    Additional Features:
    o Carports (± 150 m²) – Currently used as covered storage.
    o Outbuildings (± 84 m²) – Used as storage with brick and stone construction.
    o Secure Rear Parking – Accessed via a steel sliding gate, surrounded by steel fencing, brick walls, and razor wire.

    This high-exposure commercial property is ideal for retail and office tenants, with strong rental income potential.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-002432
    Final price:
    POA
    Address:
    24 Bathurst Street, Makhanda, Sarah Baartman District Municipality, Eastern Cape
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    18 March 2025 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required

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    Property Agent
    Brad Dowlman
                                        In2assets Representative

    Brad Dowlman

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    bdowlman@in2assets.com

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