Witbank – ERF 5206

A strong national tenant – BUCO, a building material and supplies retailer located throughout South Africa
Established location in Witbank, South Africa
R 2 440 345 Net Operating Income for 12 months beginning 1 September 2023
Solar opportunity for backup power given the large surface area of the roof

Location and Access
The property is situated in the South of central Witbank between Watermeyer Street at the front of the building, and Longfellow Street on one side. Customer access and delivery access are facilitated through two separate entrances. Access to the first-floor parking can be conveniently obtained on Eugene Marais Street. Watermeyer Street acts as the main transport link to OR Tambo Road and central Witbank, with the CBD to the North and Highveld Single Quatres to the south. There is easy access along OR Tambo Road to the N4, and the resulting network of motorways including access to Pretoria and Middelburg. The greater catchment area consists of a large residential population, the commercial district, and smaller industrial nodes.

Asset Description
The building encompasses a total net lettable area of 5,197 square metres distributed across two levels. The layout includes a builder’s yard, warehouse space, retail space, and smaller offices on the first floor, which are utilized by Buco Witbank. A recent refurbishment was carried out to align the premises with the specific requirements of the tenants. The ground floor offers a combination of retail and related workspace, along with a builder’s yard and frontside parking that can be accessed from Longfellow Street. Furthermore, there is a sizeable incoming goods yard, also accessible from Longfellow Street. This area not only facilitates entry to the timber city and lumber cutting facilities but also provides access to various smaller warehouses situated along the southwestern edge of the property. On the first floor, provisions for parking, office space, and other amenities are made, with an entrance ramp leading from Eugene Marais Street. This ramp primarily serves as an access point for employees, while customer access is granted via Longfellow Street.