Commercial Property for sale in Hatfield, Pretoria

R46,000,000
  1. 6,400m²
  2. Web Ref: 1102529
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Property Features

ERF Size 6,400 m²
Building Size 6400m²

HATFIELD PRETORIA DEVLOPMENT LAND

This property is situated on the North East corner of Francis Baard and Festival streets in Hatfield Pretoria. The property consists of five adjoining erven in Hatfield Pretoria ( erven 65/1,R65,66/1,R66 and 67) for which rights to develop an office building has been approved for 12,500 square meters office space.
The application for the rights to develop the office development can be amended to residential 6 as it is situated within in the close proximity of the Gautrain railway station. The feasibility study for the residential development has already been done and is available for a prospective purchaser. This feasibility has been done for the development of 350 residential units of different dimensions.
The consent for the demolition of the existing structures on the properties has already been obtained. The rental income on the existing structures is a gross of R130,000.
Most of the Bulk contributions for services has already been paid.
This property is almost ready for development.

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