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Commercial Building In Frankfort For Sale

Frankfort, Eastern Cape, South Africa
Asking Price:
R4,500,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

This corner property is situated on the main street of Frankfort in the Orange Free State, next to the Mafube Municipal buildings. Mafube in Sesotho means “Dawning of the new day” and the Municipal boundaries include Frankfort, Villiers, Cornelia, and Tweeling.

Frankfort has been on the front pages of all major newspapers lately for the legal battle between ESKOM and Rural Free State (RFS). The farming community of around 5800 people, 140 km south of Johannesburg, started using locally produced energy on February 23 to lessen the impact of crippling nationwide power cuts that can last up to 12 hours a day. The new solar farm is up and running producing power and they have divided the town into various zones for loadshedding purposes Zone 3 with the commercial buildings does not get any loadshedding. This property is then situated in Zone 3.

As seen in the pictures, in the early years this property was used as a filling or fuel station before it was converted to a panel beater workshop called Rossouw Panel Beaters. It was a well-known and profitable owner-run panel-beating business with a very good reputation for the quality of workmanship and was the only panel-beating business in the whole Mafube municipal district. Sadly, the owner passed away, leaving a gap in the market and now the community must take their vehicles to Vereeniging or Bethlehem for repairs. The family decided to sell the commercial building and the spray booth and equipment, like the 2-Post Car lift and 25KVA generator are not included in the asking price.

This property is perfectly suited for a McDonald's drive-through or even a small Woolworths Supermarket, but the new owners can decide on the future of these premises in this prime location. The erven measures 1454 square meters and the buildings under the roof measure approximately 1115 square meters with 100% coverage permitted or allowed on the erven. There are already a few well-known franchises that moved into this little booming town, like for example, Clicks, KFC, The Courier Guy, etc.

These days everyone is thinking about going off the grid and being self-sustainable, but in this town, the community got together and put processes in place for the whole community or municipal area to be self-sustainable as the Wilge River also meanders through Frankfort and Villiers. The river is important as part of the Tugela-Vaal Water Transfer Scheme where water is transferred from the Tugela River basin to the Vaal River basin. The Mafube Business Forum can be contacted for more information on the plans for the region for example the new mixed zone development planned for Franfort and the future planned Industrial Zone in Villiers just off the busy main route on the N3 from Gauteng to Durban. This area could be the next migration hotspot in South Africa with an abundance of water supply and renewable energy.

Contact Bertie van Deventer today to make your appointment to view this unique investment opportunity if you want to be one of the first investors in this little booming town situated within an hour’s drive from Gauteng, the economical business hub of South Africa.

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