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Embrace vibrant Pretoria city living in a landmark with historic charm, rooftop pool and panoramic views, ideal for student housing or hotel redevelopment near UNISA and Union Buildings.
This landmark property boasts a rich history and offers a unique blend of elegance and opportunity. The 8-story building features: - 64 hotel rooms, including 2 penthouse suites - 2 large kitchens - 2 reception areas - Restaurant and diner - 10 conference centers - 2 open spaces - 52 parking spaces (26 rooftop, 26 underground) - Retail space - Rooftop pool - Gym - Snack bar Property Details: - GLA: ±5,753m2 - ERF: ±2,552m2 Versatile Development Opportunity: This property can be utilized for various purposes, including: - Hotel operations - Commercial offices - Student accommodation - Residential apartments - Medical center Potential: - Redevelopment for student accommodation, capitalizing on proximity to universities - Restoration to its original grandeur, maintaining its historical significance Proximity: - Close to UNISA, the University of Pretoria, and the Union Buildings Asking Price: Reduced from R44 million to R37 Million This property presents a compelling investment opportunity for those looking to capitalize on Pretoria's hospitality, commercial, or residential markets.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R34,000,000
Arcadia is a historic, centrally located suburb in Pretoria that offers residents a blend of urban convenience, proximity to government institutions, and easy access to iconic cultural landmarks and green spaces.
* Distances and amenities are approximate.
