PURPOSE-DESIGNED MEDICAL & COMMERCIAL PROPERTY | FAIRGROUNDS | ±1,200 SQM
An exceptional opportunity to acquire a purpose-designed medical and commercial building of approximately 1,200 sqm, strategically positioned in the established and highly sought-after Fairgrounds commercial precinct in Gaborone.
Designed with medical and professional use in mind, the property comprises East and West wings across both the ground and first floors, offering a versatile configuration suitable for medical practitioners, specialist practices, healthcare operators, professional firms, corporate users and investors.
Most rooms are approximately 20 sqm and are fitted with dedicated wash-hand basins, while selected rooms feature showers, toilets and wash-hand basins, making the property particularly well suited to medical, wellness, rehabilitation and other healthcare-related uses. The first floor is easily accessible via both stairway and elevator, ensuring convenience for patients, clients, staff and visitors.
The property further benefits from ample on-site parking and additional space at the rear of the main building, providing potential for future development and expansion, subject to the necessary planning and statutory approvals.
INVESTMENT OPPORTUNITY
The property currently generates approximately P120,000 per month in rental income, despite not being fully occupied. This provides an immediate income stream while presenting a clear opportunity to increase revenue through the letting of vacant rooms and optimisation of the tenant mix.
The flexible layout allows for a variety of investment strategies, including leasing individual consulting rooms, accommodating multiple complementary medical and professional practices, or operating the building as a comprehensive multidisciplinary medical centre.
For an investor, the combination of existing rental income, additional vacant space and future development potential provides an attractive value-add opportunity with scope for increased occupancy, rental growth and long-term capital appreciation.
IDEAL FOR OWNER-OCCUPIERS
The property is equally attractive to an established medical practice, healthcare group or professional organisation looking to own its operational premises rather than continue leasing.
An owner-occupier can utilise the building, or a portion thereof, while leasing surplus rooms to complementary practitioners and businesses. This creates the potential to offset occupational costs through rental income, while retaining ownership of a substantial income-generating asset.
Although the property is held under sectional title, provision can be made to cordon and control access to the building or designated areas, allowing occupants to maintain appropriate privacy, security and operational control over their respective spaces.
STRATEGIC FAIRGROUNDS LOCATION
The property is situated within an established commercial and institutional environment, surrounded by a diverse mix of corporate offices, government departments, professional organisations, healthcare facilities, educational institutions, retail centres, hospitality establishments and conference facilities.
The broader Fairgrounds precinct includes prominent organisations and institutions such as the Botswana Tourism Organisation, Local Enterprise Authority (LEA), Fairgrounds Office Park, government departments and various financial, insurance and professional services businesses.
The area also benefits from proximity to Fairgrounds Mall, providing convenient access to retail, restaurants, banking and everyday services. Healthcare facilities and medical practices within the wider precinct further reinforce the area's suitability for medical and wellness-related operations.
Educational institutions within the broader Gaborone area include Botswana Accountancy College, Botswana College of Engineering and Technology, Institute of Development Management and the University of Botswana, together with a number of established private and international schools.
The location also benefits from nearby hospitality and conference facilities, including Cresta Lodge Gaborone, Grand Palm and Avani Gaborone, supporting the area's strong corporate and professional profile.
KEY FEATURES
-±1,200 sqm purpose-designed medical/commercial building
-East and West wings on both ground and first floors
-Predominantly ±20 sqm rooms
-Numerous rooms with dedicated wash-hand basins
-Selected rooms with showers, toilets and wash-hand basins
-First floor accessible by stairway and elevator
-Ample on-site parking
-Additional space to the rear for potential future development
-Currently generating approximately P120,000 per month
-Not fully let, providing immediate rental upside
-Flexible configuration suitable for multiple tenants or single-user occupation
-Suitable for medical, healthcare, wellness, professional and commercial uses
-Sectional-title ownership with provision for controlled/cordoned access
-Strong owner-occupier proposition
-Attractive investment and value-add potential
-Established Fairgrounds commercial location
AN ASSET WITH IMMEDIATE INCOME & LONG-TERM UPSIDE
This property offers a compelling combination of income, functionality, location and future potential. With an established rental stream, vacant space available for further income generation, purpose-designed medical infrastructure, ample parking and additional development potential, the property is well positioned to appeal to both investors seeking rental growth and owner-occupiers seeking a strategic long-term business premises.
An opportunity to acquire, occupy, lease and expand all within one of Gaborone's established commercial precincts.
Features
Fairgrounds, Gaborone
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