COMMERCIAL & RESIDENTIAL ADJOINING PROPERTIES - PRETORIA NORTH

3 Adjoining properties with multi-use potential, with approval for a combination of Special & Residential 3 Zoning.

The 3 stands will be sold collectively, and access to all three stands is available on the western side via Ben Viljoen Street and on the eastern side via Danie Theron Street. This is a unique opportunity.

The existing school building on erf 1819 is let to a school, who let approximately half of the building. As the construction on the property progresses, the school will absorb the additional floorspace, which will increase their rental obligation. Additional letting potential includes additional place of learning, professional offices, storage, etc.

Erf 719 is adjoining Erf 1819 and has the same zoning approved and offers ample parking and a growth opportunity to expand the development. This site also offers ample parking. This property is currently be let as a Office, Workshop and Warehouse.

The erf 736 has Residential 3 zoning and is an excellent re-development opportunity. There are currently 6 residential leases in place, on that site.

Current Rental Income

Property

Lease Ends

Annual Escl

Rental

Erf 1819 – School

2028

10%

R40 000.00pm

Erf 719 – House 1

2020

10%

R10 000.00pm

Erf 736 – House 1

2025

10%

R4 658.50pm

Erf 736 – House 2

2025

10%

R4 658.50pm

Erf 736 – House 3

2025

10%

R4 658.50pm

Erf 736 – House 4

2025

10%

R4 658.50pm

Erf 736 – House 5

2025

10%

R7 986.00pm

Total Income

R76 620.00pm

Additional Info

  • Address: 292 & 294 Ben Viljoen Street & 297 Danie Theron Street, Pretoria North
  • Auction Address: The Auction will take place on site.
  • Auction Date: Thursday, 20 June 2019
  • Time Auction Starts: 11h00
  • Contact Person: Pieter Nel
  • Phone: 084 8800 165

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