10,289m² Office For Sale in Pretoria Central, CL34997

Detalhes

This high-rise commercial property presents a compelling mixed-use investment opportunity in the heart of Pretoria CBD, offering substantial upside for investors seeking to unlock value.

Strategically positioned on Madiba Street, one of Pretoria’s main arterial routes, the property benefits from excellent visibility and strong pedestrian activity within a well-established commercial node.

The building comprises a Gross Lettable Area (GLA) of approximately 10,289m² on a 1,542m² erf, zoned “Business 1”, allowing for a wide range of uses including retail, office, residential conversion, hospitality, and institutional purposes.

The ground floor retail component is partially tenanted by established brands such as Fair Price and Hardy’s Menswear, generating a current gross annual income of approximately R1.9 million.

With approximately 81% vacancy, the property offers a significant value-add opportunity through leasing, repositioning, or redevelopment, providing investors with the potential to substantially increase rental income and capital value.

Additional features include on-site parking and dual access from Madiba Street and Queen Street, with convenient connectivity to major transport routes including Lilian Ngoyi Street, the M2, and M3 highways.

Key Investment Highlights:

±10,289m² GLA | 1,542m² erf Business 1 zoning with flexible usage rights High exposure along Madiba Street Existing income ±R1.9 million per annum ±81% vacancy offering strong upside potential Established ground floor retail tenants On-site parking and good accessibility