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410 Francis Baard Street

On Auction - 21 November 2024 - The Landmark & Iconic Colosseum Hotel

Discover the Iconic Colosseum Hotel, Conference, and Retail Centre – A Landmark of Elegance and Opportunity in Pretoria

Step into a piece of Pretoria’s heritage with The Colosseum Hotel, a storied property with origins in the 1930s that has long served as a premier destination for hospitality and entertainment. With its impressive Art Deco architecture and rich history, this landmark venue offers a unique blend of classic charm and modern potential, positioned in the heart of Arcadia, close to the Union Buildings and Pretoria’s cultural epicenter.

Historical Significance
Originally built in the early 20th century, The Colosseum Hotel is more than a building; it’s an experience. The hotel once boasted one of Pretoria’s most beloved cinemas, The Colosseum Theatre, which hosted generations of guests for film screenings, live shows, and cultural events. The hotel’s vibrant past and central location made it a gathering point for dignitaries, locals, and international visitors alike, giving it a deep-rooted cultural and social significance.

Venue Features & Specifications
With expansive facilities suited for both leisure and business purposes, The Colosseum offers:

Lower Ground Floor Conference Spaces: Featuring rooms for 750-800 delegates, multiple event rooms with interleading stacking doors, and a dining area serviced by a fully equipped commercial kitchen with direct street access.

Upper Ground Floor Hotel Rooms: Modern accommodations including standard and corner rooms, each with a kitchenette, bathroom, and seating area, plus a dedicated conference room.

Rooftop Entertainment Area: Includes a gym, pool (requires repairs), deck, and bar, offering a prime setting for events and relaxation with scenic city views.

Main Hotel Amenities: Spacious dining room seating up to 100 guests, concierge, retail shop, fully serviced kitchen, and guest drop-off parking, making it a versatile venue for both short stays and extended lodging.

Accommodation Overview:
The property includes 58 rooms, including standard and corner suites across multiple floors, and exclusive penthouse and presidential suites on the sixth floor. The site also provides ample secure parking with 42 bays across covered and rooftop areas.

Investment Opportunity
Despite its closure, The Colosseum remains a well-known landmark with vast redevelopment potential. Ideal for student accommodation, commercial enterprises, or mixed-use redevelopment, this site offers an exceptional opportunity to reimagine a piece of Pretoria’s heritage.

Key Notes
- The sale includes existing assets, such as furniture and equipment.
- Pool requires repair, and elevator maintenance is recommended.

Restore this historic gem and capitalize on its central location, unique architecture, and enduring legacy. The Colosseum Hotel awaits a visionary owner to breathe new life into its storied halls—where classic elegance meets modern potential.

GLA: 5753m2
ERF: 2554m2

Features

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Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
5,753m²
Land Size
2,554m²
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

365,548.15

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