NEW
Web Ref CL34892
ON AUCTION 26 NOVEMBER - HIGH STREET MIXED-USE
ON AUCTION 26 NOVEMBER - HIGH STREET MIXED-USE
This mixed-use investment property is prominently situated on Gerrit Maritz Road, the main business artery of the Pretoria North suburb. The location offers exceptional exposure, high traffic volumes, and easy accessibility, making it ideal for retail and residential tenants alike.
The property features ground-floor retail space with long-standing tenants and one current vacancy that presents potential to further enhance the income stream. The first floor comprises 33 fully let apartments in pristine condition, occupied by reliable tenants. Together, the property produces a gross annual income of approximately R2.65 million.
Set on an erf of 2,552 m² with a gross lettable area (GLA) of roughly 3,200 m², and zoned Business 1, the property combines solid returns with future growth potential.
Pretoria North is a well-established mixed-use node known for its combination of commercial, retail, and residential activity. The area enjoys strong consumer traffic, good public transport links, and proximity to key routes such as the N4 and R566, providing easy access to the Pretoria CBD and surrounding industrial areas. The neighbourhood has a growing local economy supported by schools, shopping centres, medical facilities, and municipal offices, making it an attractive and convenient hub for both businesses and residents.
KEY FEATURES:
- GAI: R 2 651 663
- ERF: 2552 SQM
- GLA: +-3200 SQM
- LONG STANDING AND RELIABLE TENANTS
This mixed-use investment property is prominently situated on Gerrit Maritz Road, the main business artery of the Pretoria North suburb. The location offers exceptional exposure, high traffic volumes, and easy accessibility, making it ideal for retail and residential tenants alike.
The property features ground-floor retail space with long-standing tenants and one current vacancy that presents potential to further enhance the income stream. The first floor comprises 33 fully let apartments in pristine condition, occupied by reliable tenants. Together, the property produces a gross annual income of approximately R2.65 million.
Set on an erf of 2,552 m² with a gross lettable area (GLA) of roughly 3,200 m², and zoned Business 1, the property combines solid returns with future growth potential.
Pretoria North is a well-established mixed-use node known for its combination of commercial, retail, and residential activity. The area enjoys strong consumer traffic, good public transport links, and proximity to key routes such as the N4 and R566, providing easy access to the Pretoria CBD and surrounding industrial areas. The neighbourhood has a growing local economy supported by schools, shopping centres, medical facilities, and municipal offices, making it an attractive and convenient hub for both businesses and residents.
KEY FEATURES:
- GAI: R 2 651 663
- ERF: 2552 SQM
- GLA: +-3200 SQM
- LONG STANDING AND RELIABLE TENANTS
Features
Zoning
Mixed Use
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
3,200m²
Land Size
2,552m²
