ON SITE, ONLINE & TELEPHONIC BIDDING
Area Summary
This part of Garsfontein Road has been transformed into a thriving commercial corridor with modern property trends and traditional residential freeholds gradually being replaced by intensive sectional title units or commercial blocks, on the doorstep of Menlyn Maine and Menlyn with immediate access to the N1 Highway.
Many infrastructure developments, including high-density residential developments and Commercial Developments, over the past couple of years have rejuvenated the area, with many more projects on the go.
Property Information
The Corporate Landmark: 160 Garsfontein Road
Secure Your Brand’s Future in Pretoria’s Premier Business Hub
The Strategic Location & Sought-After Address place this property in a Prime location. Situated on Garsfontein Road bridging the gap between major commercial nodes like Menlyn Park Shopping Centre and the vibrant lifestyle hub of Hazelwood Village, this commercial opportunity offers excellent exposure.
The property boasts effortless access to the N1 freeway on/off-ramps, ensuring seamless connectivity for staff and clients.
Positioned directly on Garsfontein Road in Ashlea Gardens, one of Pretoria East's busiest arterial roads, provides massive daily traffic counts and invaluable out-of-home advertising for any resident brand.
This 1552m2 G.F.A. Commercial Building on this corridor commands immediate respect and presents as a “corporate landmark,” enhancing brand authority through physical presence. The interior of the building has been renovated and is in excellent condition, ideal for an owner occupier.
The layout includes a mix of private offices, open-plan collaborative zones, and professional meeting facilities, with drywall partitioning for increased versatility and personalisation. There is underground parking.
There is a Volvo 150kVA Silent and Weatherproof Generator in the building.
This is an excellent investment for Property Portfolio Fund managers as commercial properties in Ashlea Gardens are historically resilient, with long-term lease potential ranging from 3 to 10 years, offering a stable hedge against inflation for any property investor.
Regional Spatial Development Framework
The property lies in region 3 of the Tshwane Regional Spatial Development Framework. Statutory planning legislation, which governs the potential future use of the area in which this property is situated, earmarks the subject property for 2 uses, namely “Mixed Use” or “Residential Densification” purposes, with height restriction capped at 4 Storeys (15m).
“Mixed Uses” refers to land uses such as office, commercial/residential / retail/entertainment / institutional. Mixed uses may refer to retail at street level, institutional on the floor above, and residential on the upper floors, or only one use per erf. Such land uses will be considered on merit and must be compatible with the surrounding area, and shall focus on serving the local community, and the land use rights for this property may, in principle, be supported by the Municipality (subject to sufficient parking allocation and to any registered servitudes).
“Residential Densification” refers to high-density accommodation in the form of apartments/flats. A density of 80 units per hectare is recommended by the planning policies of the Municipality. By considering the extent of the property, a maximum of 16 dwelling units may be developed on the subject property, subject to the consent of the municipality (subject to sufficient parking allocation and to any registered servitudes).
Garsfontein Road is regarded as an Activity Spine: The street provides a focus for various non-residential and medium to higher density residential developments that create a vibrancy and specific identity. Mixed uses along the spine is permitted; Interface with adjoining lower intensity residential developments to be treated sensitively (stepping of building – meaning 4 storeys to face on Garstfontein Road and 2 Storeys facing south).
**Site Plans, Approved Plans & Leases are included in the Information Pack**
PRE-REGISTRATION AND DEPOSIT OF R50 000.00 REQUIRED FOR ONLINE AND TELEPHONIC BIDDING
REGISTER TO BID ONLINE: www.bideasyonline.co.za