Prime Commercial Investment Opportunity in Riviera, Pretoria – Freehold Site with Exceptional Visibility
Key Features:
- Zoned for commercial use - existing multi-tenants
- Secure perimeter fencing, gated access, and ample on-site parking
- Established Rental Income from Multiple tenants
- Located near Steve Biko Academic Hospital, Union Buildings, and Riviera Galleries Shopping Centre
- Surrounded by high-footfall amenities including schools, clinics, and public transport hubs
📍 Why Invest Here?
Riviera is a sought-after node for medical, retail, and service-based enterprises. This property’s location offers high visibility, steady traffic flow, and proximity to government institutions—making it ideal for a branded retail outlet, or professional offices.
This property presents a versatile and unique investment opportunity, combining residential-style accommodations with large communal and function spaces, making it suitable for a variety of uses like a guest house/boutique hotel, multi-tenant residential complex, or a community/event center.
The property is defined by its striking exterior and practical interior design.
Exterior and Grounds
* Aesthetic: The buildings feature a consistent, modern-industrial look with dark grey (or charcoal) exterior walls contrasted by crisp white window and door frames, giving the property a contemporary, uniform appeal. The dark, corrugated roofing further enhances this aesthetic.
* Parking & Access: A large, brick-paved parking area provides ample, clearly marked parking bays. The entrance is secured by 2 large metal gates, ensuring controlled access.
A covered, open-air walkway with a tiled floor runs along the side of the accommodation units.
Accommodation and Communal Spaces
The property appears to be divided into several distinct functional areas:
* Function Hall/Conference Room/church:
A large, flexible indoor space is set up with numerous chairs facing a stage, indicating its use as a conference room, event hall, or worship/assembly space. This area features fluorescent strip lighting and an air conditioning unit.
Investment Potential
This property is an ideal purchase for an investor looking for a ready-to-use facility with built-in versatility:
* Hospitality: The existing layout is highly suited to continue operating as a guest house, bed & breakfast, or budget hotel, especially given the shared ablution facilities and uniform room setup.
* Multi-Unit Rental: With minor modifications, the individual units could be rented out as affordable studio or micro-apartments, offering a stable rental income stream.
* Commercial/Community Use: The combination of the large function hall, parking, and simple amenities makes it excellent for use as a training center, church/community hall, or a multi-purpose event venue.
This is a well-maintained, aesthetically cohesive property with the infrastructure to support various business models, presenting a robust opportunity for a savvy investor.
Play area equipment not included in sale (as well as all equipment from tenants)
