DUAL MANDATE
Strategically located commercial property with excellent development potential in the heart of the Hatfield precinct.
Asking Price: R16,000,000 + VAT Seller is VAT registered.
This well-positioned property comprises three erven with a combined land size of approximately 2,750 m², offering an excellent opportunity for investors, developers or owner-occupiers.
The property is ideally situated with easy access to the N4, Francis Baard Street and the Hatfield / Brooklyn corridors, and is within close proximity to the Hatfield Gautrain and Metro Stations, University of Pretoria and Hatfield Plaza.
The existing improvements include two office buildings, a carwash and open land, providing immediate usability while offering significant longer-term redevelopment potential.
Office Building 1
- Reception area
- Open-plan office
- 6 individual offices
- 2 kitchens
- 3 bathrooms
- Stock / storage area
Office Building 2
- 6 individual offices
- Open-plan office / collating area
- Kitchen
- 2 bathrooms
The office component is supported by 28 parking bays.
Vacant Land
The property also includes a carwash office and storage area, together with 15 shade-net carports and additional vacant land.
Development Potential
A key feature of this offering is the potential to consolidate the three erven and pursue rezoning for residential or commercial development, subject to the required municipal approvals. Approved building plans for the current structures are currently in process.
The property therefore offers flexibility for a purchaser to retain and utilise the existing offices, redevelop the site, or unlock the potential of the combined 2,750 m² landholding.
Flexible Acquisition Options
The seller’s preference is to sell all three properties to a single purchaser.
Alternatively, consideration will be given to selling the two office properties to one purchaser and the vacant land to a separate purchaser, subject to agreement on the transaction structure.
A rare opportunity to secure a well-located development site with existing commercial improvements in one of Pretoria’s established and highly accessible business and residential precincts.