Commercial - Office for Sale in Pretoria North

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 August 2025 @ 09:00 Bidding End Time: Thursday 28 August 2025 @ 14:30 Registration is essential by Monday 25 August 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Perfectly Positioned Multi Levels Commercial Building. Corner of Gerrit Maritz and Jack Hindon Street in Pretoria North, with huge visibility and accessibility. This expansive building hosts: • Ground floor: offering 2 shops/offices with 10 are front facing excellent exposure. • First floor offering 13 offices of different sizes, some equipped with air conditioning. • Second floor offering 30 Offices/ rooms of different sizes and few of them are air conditioned. • Third floor offering 8 spacious offices / rooms offering flexible usage opportunities. • This building was designed to accommodate functionality and has maximum ventilation and airflow with its specially designed roof. • The building has a lift servicing all floors also each floor has a kitchen and ample female and male restrooms. • At 70% occupancy and with net rental income of over ±R2,3 million per annum the nett ROI is around 11.5 and potentially could yield over 16.5%of nett return at full occupancy. With a good tenant mix of retail stores, legal and medical offices, churches, and Educational school could offer a brilliant investment opportunity to a keen investor or owner occupier looking to grow a solid portfolio Pre-Auction Offers excl. Claremart fee will be considered. DETAILS: • Erf no: 782, Pretoria North • Erf size: 2552m² PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.