Prime Commercial Property For Sale – Independence Avenue, Windhoek CBD

Prime Commercial Property – Independence Avenue, Windhoek CBD

Market Value: N$32,780,000
Total Built Area: Approx. 3,719 m² (Retail, Office & Basement)
Location: Corner of Independence Avenue & Sam Nujoma Drive, Windhoek CBD
Zoning: Commercial/Retail/Office

Property Overview

Strategically positioned on the high-visibility corner of Independence Avenue and Sam Nujoma Drive, directly opposite the Hilton Hotel and adjacent to key institutions like the City of Windhoek head office, Nedbank, and Avani Hotel. This property lies on one of Windhoek’s busiest commercial corridors, connecting the CBD with the Northern Industrial Area and Ausspannplatz.

Surrounded by a blend of corporate offices, banks, hotels, and residential apartments, the location enjoys maximum accessibility, dual frontage, and consistent footfall — ideal for retail, mixed-use or redevelopment purposes.

Property Composition

• Retail Space: 2,184 m²
  Large retail store complemented by several line shops.

• Office Space: 473 m²
  First-floor offices with storerooms and two ablution blocks.

• Basement Store & Garage: 1,062 m²
  Generous storage areas and garages.

• Site Area & Configuration:

  • Erf with two street frontages and near-square shape

  • Street-level plot with gentle northward slope

  • Good site utilization with central building layout

  • Paved surroundings and boundary wall

Building Specifications

• Structure: Single & double-storey block

• Walls: 230mm plastered & painted brick

• Floors: Ceramic tiling throughout

• Windows/Doors: Iron frames

• Roof: Iron sheet with tile facer boards

• Ceiling: Suspended ceilings

• Additional Features: Air conditioning, paved yard, boundary wall

Market & Investment Insight

Despite general macroeconomic challenges and tightening global monetary policies, Windhoek’s CBD remains a resilient commercial node. The subject property is well-suited for repositioning or redevelopment to align with ongoing urban commercial trends. The area is outside the high-density CBD core, helping to mitigate parking constraints common in inner-core business districts.

With a market valuation of N$32,780,000, this investment represents a rare opportunity to acquire a high-profile corner site with strong upside potential in Namibia’s most prestigious urban center.