UNRIVALLED LOCATION, UNLIMITED POTENTIAL, BUS 3 ZONED COMMERCIAL PROPERTY

AWAITING A VISIONARY INVESTOR READY TO UNLOCK THIS EXTRAORDINARY REDEVELOPMENT POTENTIAL.

OFFERING A UNIQUE, EXCITING, INVESTMENT OPPORTUNITY IN PRETORIA’S RICH HERITAGE WHERE GOVERNMENT, ACEDEMIA AND COMMERCE MEET.

PRESENTING A STRIKING, ICONIC, MULTI-FLOOR LANDMARK BUILDING WITH HISTORIC MIXED-USE OFFERINGS – RESIDENTIAL, CONFERENCE & POTENTIAL RETAIL RENTAL ACROSS A VARIETY OF MARKET SEGMENTS

CENTRALLY LOCATED TO ALL AMENITIES, INCLUDING HOSPITALS, MEDICAL FACILITIES, TERTIARY EDUCATIONAL INSTITUTUTIONS – UNISA, PRETORIA UNIVERSITY ETC, EMBASSIES, SHOPPING MALLS, UNION BUILDINGS, DTI HQ’s & MAJOR ARTERIALS

FEATURING: Panoramic 360 degree views, 58 - 60 furnished Residential suites & private luxury Penthouses, elegant reception area, sumptuous dining and lounge facilities(100 guests), fully functional & equipped kitchens, cold-rooms, outstanding and flexible conference facilities with separate access, equipped kitchen, cloakroom facilities, upper-level entertainment deck with canteen and gym. Plus behind the scenes staff facilities and access points, CCTV & Fibre points, covered & open parking (44-52 bays) Asking R22m - Bids from R21m

Currently not operational and needing overall maintenance and repair work, this offers a variety of smart future investment options for a visionary prepared to undertake the necessary remedial work.

• Sell the suites as apartments (own kitchen, bathroom & DB board)
• Rent the suites as apartments – long term income
• Convert the suites into multi-bed student accommodation (high demand location)
• Sublet the various recreational facilities & canteen/kitchens to outside sources
• Sublet conference facilities to various institutions as study, lecture or conference venue (750 – 800 delegates)
• Retail – street frontage visibility – currently leased
• Street front Advertising / signage income potential
• Communication Mast rental options – current MTN lease, option for additional operators

On-site generator and elevator require attention. Secure street-front roller door building/parking access.

GLA: 5753sqm

ERF: 2554sqm

ZONING: BUSINESS 3

FLOORS: 8 + BASEMENTS

BUILT 1960

INCL Furnishings & fixtures

WORK REQD: Yes

REPLACEMENT COST: + R300-350m

AVAILABLE ON REQUEST:

• Further detailed info
• Plans
• Zoning Certificate

VIEWING STRICTLY BY APPOINTMENT ONLY - CONTACT ME TODAY

·ALL WRITTEN OFFERS NEGOTIATED - SERIOUS SELLER - DECEASED ESTATE - COMPANY OWNED

PRICED TO SELL AT A FRACTION OF ITS POTENTIAL VALUE, POSITIONED IN AN UNRIVALLED LOCATION – IT’S PERFECT FOR FUNDED VISIONARY BARGAIN HUNTERS LOOKING FOR VERSATILE, LONG TERM FUTURE PROSPECTS.