Commercial Property for Sale in Evander

This well-maintained apartment building is centrally located in the heart of Evander and comprises 38 residential units. The property is conveniently situated close to shopping centers, schools, medical facilities, restaurants, fuel stations, and other essential amenities. Its location also provides convenient access to the surrounding mining and industrial sectors, including Sasol’s operations in Secunda, which contribute to the demand for residential accommodation in the area. Evander is about 8 km northwest of Secunda and is accessible via the N17 and R546, connecting to Secunda, Kinross, Embalenhle, and surrounding areas. Local amenities include Evander Shopping Centre, Evander Hospital, nearby schools and various retail outlets, while Secunda offers additional facilities such as Secunda Mall and Mediclinic Highveld. The property has been successfully operated for numerous years and accommodates a number of long-term tenants. With 38 residential units and existing rental income, the building offers an investment opportunity for buyers seeking an established residential rental property. Existing lease agreements remain in place, with lease periods extending into 2026 and 2027. The property also generates additional income through prepaid electricity refunds. The four-storey building offers secure parking with access control at the entrances and comprises 38 parking bays on the ground floor, along with an open-plan 2-bedroom apartment and a 3-bedroom apartment with its own garden and braai area. The first, second, and third floors each accommodate 12 apartments, all featuring balconies. A monthly levy of approximately R500 per unit is included in the monthly rental. Electricity is supplied through a prepaid metering system, with electricity consumption payable by the tenants. As the seller owns the entire complex, the property is not registered as a sectional title scheme, and there is no homeowners’ association (HOA). GROUND FLOOR - 38 Parking Spaces - 1 x 2 Bedroom Apartment - 1 x 3 Bedroom Apartment with own garden and braai area FIRST FLOOR - 1 x 1 Bedroom Apartment - 10 x 2 Bedroom Apartments - 1 x 3 Bedroom Apartment SECOND FLOOR - 1 x 1 Bedroom Apartment - 10 x 2 Bedroom Apartments - 1 x 3 Bedroom Apartment THIRD FLOOR - 2 x 1 Bedroom Apartments - 9 x 2 Bedroom Apartments - 1 x 3 Bedroom Apartment ** Current Tenant list included in Information Pack - Available on Request **