NEW
Web Ref CL34876
INVESTMENT OPPORTUNITY WITH GREAT UPSIDE!
This high-rise commercial property offers an outstanding mixed-use investment with great upside potential in the heart of Pretoria CBD.
The building boasts a Gross Lettable Area (GLA) of approximately 10,289m² on a 1,542m² erf, zoned “Business 1”, allowing for a variety of uses including offices, retail, residential, hospitality, and institutional purposes.
Architecturally distinctive, the property features a striking façade and excellent visibility along Madiba Street, one of Pretoria’s main arterial routes. The ground floor retail component benefits from high pedestrian traffic, ensuring steady footfall and strong tenant appeal.
Currently, a portion of the building is tenanted by reputable brands such as Fair Price and Hardy’s Menswear, with an existing gross annual income of ±R1.9 million and significant potential to increase income through leasing the vacant space (±81% vacant).
On-site parking enhances convenience for both tenants and visitors, while access is easily gained from Madiba Street and Queen Street. The surrounding area is a bustling commercial node with easy access to major transport routes, including Lilian Ngoyi Street, the M2, and M3 highways.
The building boasts a Gross Lettable Area (GLA) of approximately 10,289m² on a 1,542m² erf, zoned “Business 1”, allowing for a variety of uses including offices, retail, residential, hospitality, and institutional purposes.
Architecturally distinctive, the property features a striking façade and excellent visibility along Madiba Street, one of Pretoria’s main arterial routes. The ground floor retail component benefits from high pedestrian traffic, ensuring steady footfall and strong tenant appeal.
Currently, a portion of the building is tenanted by reputable brands such as Fair Price and Hardy’s Menswear, with an existing gross annual income of ±R1.9 million and significant potential to increase income through leasing the vacant space (±81% vacant).
On-site parking enhances convenience for both tenants and visitors, while access is easily gained from Madiba Street and Queen Street. The surrounding area is a bustling commercial node with easy access to major transport routes, including Lilian Ngoyi Street, the M2, and M3 highways.
Features
Building Name
Regents Place
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
10,289m²
Land Size
1,542m²
Extras
Underground Parking
