2 554 m² Commercial space in Arcadia
Arcadia, Pretoria Central And Old East, Gauteng
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Leron Sinclair
Mandated Property Group
Details
This landmark property boasts a rich history and offers a unique blend of elegance and opportunity. The 8-story building features:- 64 hotel rooms, including 2 penthouse suites- 2 large kitchens- 2 reception areas- Restaurant and diner- 10 conference centers- 2 open spaces- 52 parking spaces 26 rooftop, 26 underground- Retail space- Rooftop pool- Gym- Snack barProperty Details:- GLA: 5,753m²- ERF: 2,552m²Versatile Development Opportunity:This property can be utilized for various purposes, including:- Hotel operations- Commercial offices- Student accommodation- Residential apartments- Medical centerPotential:- Redevelopment for student accommodation, capitalizing on proximity to universities- Restoration to its original grandeur, maintaining its historical significanceProximity:- Close to UNISA, the University of Pretoria, and the Union BuildingsAsking Price: Reduced from R44 million to R37 MillionThis property presents a compelling investment opportunity for those looking to capitalize on Pretoria''s hospitality, commercial, or residential markets.
Location
Map showing the location of 2 554 m² Commercial space in Arcadia