Public Auction - Auction Venue: The Capital Menlyn Maine (194 Bancor Ave, Waterkloof Glen, Pretoria)

7726m² HIGH DENSITY CONSOLIDATED DEVELOPMENT OPPORTUNITY IN HATFIELD

This prime development site is adjacent to the Hatfield Business Zone and the University of Pretoria, serving as a link between the academic precinct and the commercial core, fostering a greater "University Precinct" environment.

The consolidation of six residential stands into a single 7,726m² erf is a rare opportunity in this fully developed area. The site comprises six residential erven being Erf 57 RE, Erf 57/1, Erf 58 RE, Erf 58/1, Erf 603 RE, Erf 603/1.

Summary of the Approval (see full certificate in document)
• Floor Area Ratio (FAR): 3.5
• Gross Lettable Area (GLA): ±27 000 m2
• Coverage: 50%
• 10 storeys

Hatfield, Pretoria is one of the few areas in Gauteng with a triple offering of connectivity with a dedicated Gautrain Station, multiple Bus Rapid Transit (BRT) lines and direct access to the M2 (Pretorius Street) and N1/N4 highways.

This makes it highly attractive to residents, commercial enterprises and young professionals and commuters working in Sandton or Johannesburg.

Investment in this area is driven by multiple indicators.

The University of Pretoria (Tukkies) serves as the primary economic anchor, with over 39,000 students creating a constant, high demand for related services and student accommodation.

The area supports a mix of Retail Centres (Hatfield Plaza), A and B grade office space, Commercial service providers (VW Motor Group), over 30 Embassies, Hospitals and residential property. This diversity allows investors to pivot between student housing, corporate leases and retail and mixed-use developments.

As of early 2026, the prime lending rate has dropped to 10.25%, the lowest since 2022, creating optimal conditions for property acquisition and developments.

Because Hatfield is "fully developed," vacant land or large consolidation opportunities (like the 7,726m² site you mentioned) are rare, which naturally protects the long-term value of existing and new high-density developments.

The Hatfield City Improvement District (CID) has proven highly successful, reporting approximately 50% decrease in crime. The CID provides enhanced 24/7 security and urban cleaning, which has historically stabilised property values and encouraged commercial confidence.

Depending on the developer’s scope, Business 1 zoning provides the most flexible rights, allowing for a mix of retail, office, and high-density residential uses. This versatility ensures the development can adapt to Hatfield's many market demands, from student accommodation to corporate offices or medical services.

Developing a high-density, 10-storey mixed-use project at the corner of Pretorius Street (M2) and Hilda Street in Hatfield aligns with the City of Tshwane’s densification strategy and Hatfield’s role as a major metropolitan node.

The Business 1 Zoning rights have been approved and will only be promulgated on condition that the 6 erven are consolidated to form a consolidated area of 7726m² and the bulk contributions negotiated with council be paid.

***All designs, Photos and Lines on graphics are for demonstration purposes only***