Property Details
This versatile property presents a unique opportunity for both redevelopment and renovation. Located in a high-demand area of the existing 4635-square meter of land is in need of significant updates but offers the potential for transformation into a modern retail space, office complex, or multi-use facility. Whether you’re looking to renovate and breathe new life into this space or demolish and build something entirely new, this property offers endless possibilities.
Property Highlights:
Land Area: 4635 square meters
Current Condition: The building is structurally sound but requires extensive repairs or updates to meet modern standards.
Zoning: mixed-use (Commercial, Retail, Schooling, Housing.)
Current Use: The buildings are all vacant.
Redevelopment Potential:
Demolition Opportunity: The property is suitable for complete demolition and redevelopment, making it ideal for a new construction project that could maximize the potential of the prime location.
Renovation Potential: Alternatively, the building can be renovated to suit a wide range of commercial needs, including office spaces, retail stores, or even residential conversions. With the right vision, the structure could be transformed into a modern, efficient space.
Investment Highlights:
Prime Location: Situated in a growing area with the University Nearby: Located just minutes from the University of Pretoria this property benefits from a large student and faculty population, increasing foot traffic and offering potential for services targeting the academic community.
High Visibility & Traffic: Positioned on a main road with easy vehicle access, this property is visible to both pedestrians and drivers. The location is in a rapidly growing area, making it an excellent spot for retail or office space targeting professionals, students, and local residents.
Flexibility: The property offers flexibility for developers, investors, and business owners alike, with numerous options for both short-term improvements and long-term gains.
Current Condition: While the building is dated, it retains valuable structural elements that can be leveraged for renovation, or it could be cleared for a new construction project, depending on your plans.
Zero Rated Vat Transaction.
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