Prime Commercial Tower With Retail And Development Potential - On Auction 21 November

On Auction 21 November - Prime Commercial Tower With Retail And Development Potential

This high-potential commercial property offers an outstanding opportunity for investors or developers, situated in a prime high street retail location, spanning from Pretorius Street to Francis Baard Street in Sunnyside. While the main tower is currently vacant, the property features two street-facing pedestrian retail stores, with excellent visibility and foot traffic, making it an ideal investment for mixed-use development or redevelopment.

Key Features:
• Prime Location: Excellent exposure on a high-traffic retail strip between Pretorius Street and Francis Baard Street.
• Retail Stores: Two street-facing retail stores— one currently tenanted—plus one vacant retail space, offering immediate rental income potential and growth opportunities.
• Development Potential: The property includes vacant adjoining stands, ideal for expansion or future development.

Property Overview:
• Tower Layout: Ground floor lobby with 2 lifts, leading to 7 floors above, each designed for flexible use.

Office Configuration:

• Each floor features approximately 16 offices/rooms that vary in size, offering flexibility for tenants.
• A combination of concrete and drywalling provides versatile layout options.
• Suspended ceilings throughout the floors.
• Each floor includes its own DB box for electrical management and ablution facilities.
• 3 strong rooms per floor, providing secure storage or additional office space.

Roof Facilities:

• The roof offers accommodation facilities, providing additional rental or staff accommodation opportunities.
• Equipped with 2 x 5000L JoJo tanks, ensuring water supply for the building.

Parking:

• 161 basement parking bays provide ample parking for tenants and visitors.

Development Potential:
In addition to its current features, the property offers exciting development potential with vacant adjoining stands. This presents a unique opportunity to expand the current building footprint or redevelop the site for additional commercial, residential, or mixed-use purposes.

This property’s location, combined with its flexible office spaces, retail income, and development opportunities, make it an ideal investment for those looking to capitalize on Sunnyside’s vibrant commercial district.