NEW
EXCLUSIVE MANDATETENDER
Web Ref CL34997
POA
FOR SALE BY TENDER | PRIME PRETORIA CBD VALUE-ADD OPPORTUNITY TENDER CLOSES 15 JUNE 2026 @ 12PM
This high-rise commercial property presents a compelling mixed-use investment opportunity in the heart of Pretoria CBD, offering substantial upside for investors seeking to unlock value.
Strategically positioned on Madiba Street, one of Pretoria’s main arterial routes, the property benefits from excellent visibility and strong pedestrian activity within a well-established commercial node.
The building comprises a Gross Lettable Area (GLA) of approximately 10,289m² on a 1,542m² erf, zoned “Business 1”, allowing for a wide range of uses including retail, office, residential conversion, hospitality, and institutional purposes.
The ground floor retail component is partially tenanted by established brands such as Fair Price and Hardy’s Menswear, generating a current gross annual income of approximately R1.9 million.
With approximately 81% vacancy, the property offers a significant value-add opportunity through leasing, repositioning, or redevelopment, providing investors with the potential to substantially increase rental income and capital value.
Additional features include on-site parking and dual access from Madiba Street and Queen Street, with convenient connectivity to major transport routes including Lilian Ngoyi Street, the M2, and M3 highways.
Key Investment Highlights:
±10,289m² GLA | 1,542m² erf
Business 1 zoning with flexible usage rights
High exposure along Madiba Street
Existing income ±R1.9 million per annum
±81% vacancy offering strong upside potential
Established ground floor retail tenants
On-site parking and good accessibility
Strategically positioned on Madiba Street, one of Pretoria’s main arterial routes, the property benefits from excellent visibility and strong pedestrian activity within a well-established commercial node.
The building comprises a Gross Lettable Area (GLA) of approximately 10,289m² on a 1,542m² erf, zoned “Business 1”, allowing for a wide range of uses including retail, office, residential conversion, hospitality, and institutional purposes.
The ground floor retail component is partially tenanted by established brands such as Fair Price and Hardy’s Menswear, generating a current gross annual income of approximately R1.9 million.
With approximately 81% vacancy, the property offers a significant value-add opportunity through leasing, repositioning, or redevelopment, providing investors with the potential to substantially increase rental income and capital value.
Additional features include on-site parking and dual access from Madiba Street and Queen Street, with convenient connectivity to major transport routes including Lilian Ngoyi Street, the M2, and M3 highways.
Key Investment Highlights:
±10,289m² GLA | 1,542m² erf
Business 1 zoning with flexible usage rights
High exposure along Madiba Street
Existing income ±R1.9 million per annum
±81% vacancy offering strong upside potential
Established ground floor retail tenants
On-site parking and good accessibility
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
10,289m²
Land Size
1,542m²
