Several prime Pretoria properties go up for auction on Wednesday October 27 at noon. Auction Alliance will host the event at the prestigious Hilton Hotel located at 138 Rivonia Road, Sandton.
For starters, there’s the government-tenanted commercial property on Daan De Wet Nel Road in Clarina, Pretoria North. A secure investment prospect, the property extends over an approximate GLA of 21 331m². It offers retail and office space, plus a Sasol service station with car-wash facility, right next to the Winternest Railway Station. That means it’s within easy access of main arterial routes like the R80 that lead to the central business district.
Tenants include the Department of Public Works, Sasol, Shoprite Usave and Metro Police. The property produces a gross annual income of R11 219 087,38. It accommodates plenty of parking space, which is a big plus, and incorporates retail shops, a motor vehicle workshop and offices. The loading areas are strategically situated at the eastern and western ends of the two-storey, U-shaped building.
Another income-generating commercial property in Pretoria going on auction the same day is anchored by the National Treasury until 2014. Located at 215 Vermeulen Street, it occupies 1 260m² GLA and generates a gross income of R1 343 856. The property also has reasonable access to the main arterial routes. Because it has 74 basement parking bays, it presents a lucrative option for a parking garage – plans for a four-storey facility have been drawn up.
In addition, there is an existing 104-room hotel on the corner of Visagie and Van der Walt on auction that day. To date for 2011, it has generated a gross income of R2 352 460. The location of this business property also puts it within easy access of the major highways.
As South Africa’s administrative capital, Pretoria has a reputation for operating at a slightly more measured pace than Johannesburg does just half an hour’s drive away (or less by Gautrain). It is famous for its jacaranda tree-lined avenues as well as its historic monuments.