2 554 m² Commercial space in Arcadia

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 bar

Property Details:

- GLA: 5,753m²

- ERF: 2,552m²

Versatile Development Opportunity:

This property can be utilized for various purposes, including:

- Hotel operations

- Commercial offices

- Student accommodation

- Residential apartments

- Medical center

Potential:

- Redevelopment for student accommodation, capitalizing on proximity to universities

- Restoration to its original grandeur, maintaining its historical significance

Proximity:

- Close to UNISA, the University of Pretoria, and the Union Buildings

Asking Price: Reduced from R44 million to R37 Million

This property presents a compelling investment opportunity for those looking to capitalize on Pretoria''s hospitality, commercial, or residential markets.