Pretoria retail and office building up for auction

Posted On Thursday, 02 December 2010 02:00 Published by eProp Commercial Property News
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Auction Alliance will take a prominent, high visibility, Pretoria-North retail and office building to auction in December.

Property-Housing-ResidentialThe property is situated at 485 Gerrit Maritz Road, a busy road with a high volume of traffic, in the heart of Pretoria North.

The four storey building contains retail shops on the ground floor, offices on the upper levels and  parking on the two basement levels.

The building offers a gross lettable area of about 2100m² and is fully let, with the Department of Public Works occupying a large portion; their lease expires at the end of 2014.

Another tenant is national chain, Midas Super Store. The property generates an annual income of R1.5 million.

The auction takes place at 12pm on December 7 at the Southern Sun Hotel, Cnr Grayston and Rivonia Roads, Sandton.

Last modified on Thursday, 12 June 2014 12:00

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