POA | Commercial Property for Sale in Vanderbijlpark CW 2

Asking Price: R18,000,000 | 10.1% NOI Yield A rare opportunity to acquire a fully licensed psychiatric / medical hospital facility (60 beds) within a prime, standalone A-grade building, strategically positioned along Frikkie Meyer Boulevard—one of Vanderbijlpark’s busiest arterial routes. This vacant, move-in ready asset was previously leased on a triple-net (NNN) basis to Eduvos, demonstrating its suitability for high-quality institutional tenants and secure, low-risk lease structures. The building is exceptionally well maintained, with minimal immediate capital expenditure required, making it ideal for owner-occupiers or investors seeking rapid occupation or re-letting. Property Highlights: Fully licensed psychiatric / medical hospital (60 beds) Prime standalone institutional asset Vacant A-grade building — move-in ready Core infrastructure in excellent condition Proven triple-net tenancy history (Eduvos) Strong multi-purpose redevelopment potential Attractive entry price with solid yield fundamentals Building Features: Each floor fitted with his & hers bathrooms and fully functional kitchens Ground floor offers direct access suitable for a canteen or communal dining Previously configured for student accommodation and lecturing facilities Flexible internal layout suitable for offices, consulting rooms, or institutional use Multi-Purpose Usage Potential Psychiatric or general medical facility Old-age home with frail care Student accommodation or training centre Office conversion Residential flats or sectional units Wellness or rehabilitation centre Property Overview: VAT Registered: Yes Erf / Deed: Portion 12 of Erf 4, Vanderbijlpark Erf Extent: ±2,412 m² Deed Number: TT30313/2010 Occupancy & Condition The property is currently vacant and has been exceptionally well maintained, offering a clean, functional, and compliant environment. All structural and operational components are in excellent condition, significantly reducing the need for immediate capital outlay. The building is already approved and listed as a medical facility, allowing for efficient occupation or conversion, subject to final fit-out requirements. Parking Parking ratios compliant with institutional and healthcare requirements 21 shaded parking bays 15 open parking bays Additional parking provisions in line with local authority requirements Financial Summary: Asking Price: R18,000,000 Gross Annual Income (GAI): R1,997,424 Effective Gross Income (EGI) (less 3% vacancy): R1,937,501.28 Net Operating Income (NOI): R1,812,782.28 NOI Yield / Cap Rate: ±10.1% Seller Representation: The Seller has advised that there are no known legal, structural, or boundary issues affecting the property, as confirmed in the Property Conditions Report. Location Vanderbijlpark is located approximately 50 km south of Johannesburg and forms part of the Vaal Triangle, one of South Africa’s key industrial and economic regions alongside Vereeniging and Sasolburg. The area is home to major industry, including ArcelorMittal SA, and benefits from sustained commercial demand. The property enjoys excellent exposure along Frikkie Meyer Boulevard, a high-traffic route providing strong visibility and signage potential. Convenient access is provided via Becquerel Street, with close proximity to Vanderbijlpark CBD, modern amenities, and major transport routes including the R59 Highway. Summary This is a high-quality institutional asset offering: Immediate occupation or re-letting potential Existing healthcare licensing Strong yield at an attractive entry price Flexible future-use and redevelopment upside An ideal opportunity for healthcare operators, institutional investors, or owner-occupiers seeking a low-maintenance, income-producing asset. Disclaimer: While every effort has been made to ensure the accuracy of the information contained in this listing, Red Door Properties, its agents, and representatives cannot guarantee the correctness of all details, measurements, or descriptions. Prospective purchasers are advised to verify all information independently and conduct their own due diligence prior to making any decisions. The listing is subject to errors, omissions, changes in price, prior sale, or withdrawal without notice. Images, floor sizes, and descriptions are for marketing purposes only and may not form part of any contract