Prime Commercial Property Suitable for student Accommodation for Sale in Pretoria Central
Price: R60,000,000 excl.VAT
Land Size: 8 176 m²
Building Size (GLA): 6 700 m²
This prominent 5-storey building, situated in a high-exposure location in Pretoria Central, offers immense potential for investors. With a versatile zoning and vast floor space, it is ideal for conversion into student accommodation, residential units, or a variety of other commercial or institutional uses.
Area Description: Pretoria Central
The property is located in a major arterial route that intersects the Pretoria CBD. The Property is situated within the Government Administration precinct and multiple tertiary educational facilities. The site is strategically located within proximity to major arterial routes leading in all directions. The property is well located nearby all important amenities and is within walking distance to shops restaurants, taxi and bus transit points.
Key Features:
• Zoning:
o Dwelling Units
o Government Purposes
o Guest House
o Institution
• Building Highlights:
o 6 700 m² of Gross Lettable Area (GLA) across 5 storeys
o 137 rooms with potential to increase to 156 rooms or units
o Central boiler system for efficient operation
o Large communal areas for flexible use
o Additional bulk capacity in the parking lot
Ideal Conversion Opportunities:
This property offers an outstanding opportunity to convert into student accommodation, residential units, or other high-demand spaces in the heart of Pretoria. The building is already set up with the infrastructure to facilitate conversion and maximize its potential.
Call, email or WhatsApp me today for more information about this exceptional investment and development opportunity and arrange a viewing!
