715 m² Commercial space in Hatfield

DUAL MANDATE

Strategically located commercial property with excellent development potential in the heart of the Hatfield precinct.

Asking Price: R16,000,000 VAT Seller is VAT registered.

This well-positioned property comprises three erven with a combined land size of approximately 2,750 m2, offering an excellent opportunity for investors, developers or owner-occupiers.

The property is ideally situated with easy access to the N4, Francis Baard Street and the Hatfield Brooklyn corridors, and is within close proximity to the Hatfield Gautrain and Metro Stations, University of Pretoria and Hatfield Plaza.

The existing improvements include two office buildings, a carwash and open land, providing immediate usability while offering significant longer-term redevelopment potential.

Office Building 1

Reception area

Open-plan office

6 individual offices

2 kitchens

3 bathrooms

Stock storage area

Office Building 2

6 individual offices

Open-plan office collating area

Kitchen

2 bathrooms

The office component is supported by 28 parking bays.

Vacant Land

The property also includes a carwash office and storage area, together with 15 shade-net carports and additional vacant land.

Development Potential

A key feature of this offering is the potential to consolidate the three erven and pursue rezoning for residential or commercial development, subject to the required municipal approvals. Approved building plans for the current structures are currently in process.

The property therefore offers flexibility for a purchaser to retain and utilise the existing offices, redevelop the site, or unlock the potential of the combined 2,750 m2 landholding.

Flexible Acquisition Options

The sellers preference is to sell all three properties to a single purchaser.

Alternatively, consideration will be given to selling the two office properties to one purchaser and the vacant land to a separate purchaser, subject to agreement on the transaction structure.

A rare opportunity to secure a well-located development site with existing commercial improvements in one of Pretorias established and highly accessible business and residential precincts.