Retail For Sale in Hermanstad

R145,000,000

Web Ref No RNC1232

Upgrade and Development Opportunity

It is not often that one finds an opportunity that has 1.5 ADJACENT CITY BLOCKS with properties sitting on one of the busiest roads in Pretoria.

The opportunity is for the expansion and upgrade of the exiting structures to host:
1) a RETAIL CENTRE and OFFICES on the first city block and (approximately 1.88Ha)
2) a MOTOR CITY and MIXED USE on the second city block. (approximately 1.06Ha)

This is the sale of a property portfolio that has been built up over many years and been managed with existing tenants. A lot of the tenants that are currently occupying the various buildings and their leases could be pulled over to the new upgrade and development.

Agent ready to receive your enquiry to give more information and background.

The upgrade opportunities presented have been explored with various designs and tenant mixes as coordinated with the current owner (disclaimer: Designs were executed under instruction from the current owner. No tenant signage indicated suggests or binds any parties nor does it suggest that these tenants may or may not be interested in this development)