Office for sale in Gezina

7638M2 Building For Retail & Commercial Use In Pretoria For Sale

Property Reference Nr: DP2465(1)

Property Description:

The property is improved with a long, mostly-rectangular shaped five storey building, offering shops at ground level, a covered parking level with an external vehicle ramp on the 1st floor, and offices above. It is typical of most surrounding CBD buildings in terms of type, age and appearance, but has been cosmetically enhanced to modern standards. Two sides of the building face directly onto street front pedestrian sidewalks, allowing for very good retail exposure at ground level. The retail accommodation has been divided into 6 shops each with glass shopfronts onto the sidewalk, whilst a separate reception area with lift lobby (and

staircase) provides access to the upper levels. Each of the upper office levels looks onto a central internal triple-volume covered atrium, and a passageway around this leads to individual office sections, with shared ablutions and kitchens interspersed on each floor. A vehicle ramp leads from the side of the building to the first floor "basement" type parking area, which together with ground level covered parking under the rear side of the building, provides a total of 91 covered bays.

Fittings & fixtures are functional and attractive, overall providing upper B-Grade commercial space. Externally the building is neatly maintained and has good kerb appeal.

MACRO LOCALITY

The property is located within the Rietfontein / Gezina area of Pretoria, which is on the northern flank of the CBD. This area comprises a mix of residential properties with interspersed commercial premises situated mainly along main routes.

MICRO LOCALITY

The property is situated at the corner of Frederika Street and 18th Avenue, Rietfontein, Pretoria. Rietfontein is adjacent to the more well known area of Gezina, onto which the subject property borders. Frederika Street is a busy main route carrying good traffic volumes, and the specific position of the subject property along this road at a traffic controlled intersection provides it with very good exposure. Surrounding properties are typical CBD multi-level structures of varying design and appearance, generally offering a combination of either retail or office, storage or high-density residential accommodation. Many properties in the vicinity have been or are in the process of being refurbished to modern standards, and the area is generally neatly maintained. All amenities and services are provided for within the CBD.

• 80% Of all lights have been converted to LED globes
• The ground floor parking level, all bathrooms and kitchens have motion sensors for lights.
• Borehole location has been identified. This water can be used for bathrooms and daily cleaning, resulting in additional savings

The building comprises of a ground level of retail stores with covered and secure tenant parking, a covered and secure tenant parking level with ramp access from Frederika Street on the 1st floor and 3 levels of access controlled office space above the parking level. The 1st office level has a large open plan area of 304sqm available for rental. This area is currently unoccupied and was reinforced by the previous owners as they had rows and rows of shelving with books on them. This area could potentially be modified into storage units to spread the risk of the new owner further in terms of mixed use or it could be rented out to one large tenant like a call centre due to it’s open plan nature. It could also be used as a gym area or could still be converted into smaller office spaces or smaller areas for different business types so it is quite a versatile space.

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OPEN TO OFFERS

"Price is just an indication. 10% Deposit payable on offered amount. Information provided as received from Seller. Neither the Agent nor the Seller warrants or guarantees the correctness of any information provided whatsoever. T & C’s apply. Please send ID and proof of residence with offer."