COMMERCIAL BUILDING FOR SALE

7,600 SQUARE METER MIXED USE COMMERCIAL BUILDING ON FREDERIKA STREET WITHIN RIETFONTEIN, PRETORIA

Mixed use property for sale

Retail: 873sqm with 103sqm vacant
Offices:3,492sqm with vacancy of 1,166sqm
Undercover Parking Bays: 90 (1 bay per 45sqm allocation and a 34 vacancy)
Levy: R 5,909.06 / pm
Rates: R 35,984.00 / pm

Rietfontein is a well-developed residential and commercial area located within Pretoria. This mixed use commercial building situated on Frederika Street in Rietfontein, Pretoria. All the offices have been renovated and vacant offices are available for immediate occupation which is beneficial as there is a firm demand for office space within the area. This property is well maintained and has been refurbished to modern, desirable office and retail components. All lights have been converted to LED lighting with sensors at communal areas.

This Office building comprises out of 5 storeys offering a total of 84 offices, 3 boardrooms, entertainment areas, reception areas, waiting areas, 5 kitchens and ablutions. The 1st floor features small offices let to various tenants and industries. The 2nd floor features larger offices and are predominantly let to tenants who wishes to be more private. The 3rd floor is let by a Management Training College and features 3 up-market boardrooms, 2 kitchens and private ablutions.

This Anchor tenant of the building is Cash Converters along with a popular Portuguese restaurant and a coffee shop. Current leases vary between 1 & 5 years with tenants opting to renew rather then move as rentals are well within market related rentals for the area. Marumati Complex is located within close proximity of several amenities hosted within the surrounding area. These amenities include Checkers, Spar, Chamberlains, Jakaranda Centre, Midas and more. The property has easy access to and from the M8 or M29 leading to the N1, N4 or R101 highways located just a short drive away.

Marumati Complex has twenty-four-hour security provided by Bidvest Secure along with CCTV surveillance throughout the property. Biometric access throughout the entire property. Bidvest also ensures cleaning and sanitation of the premises. The building offers easy elevator access making it wheel chair friendly as well as ready to go fibre connections. Marumati complex has up to 90 undercover parking bays easily accessible via the 3 entrances which also allows for truck access.

Situated within close proximity to Moot Life Hospital this property is connected to a no loadshedding electricity line. This corner property offers high visibility with easy access to public transport. Marumati complex is situated on a very high foot-and-vehicle traffic which cultivates excellent exposure opportunities for tenants within Marumati Complex. There is also a salvage store attracting a lot of foot traffic to the building.

- Corner Property
- A-Grade
- 5 Stories
- Mixed retail & office
- Air conditioning
- Undercover parking

Property Reference #: CL32730

Agent Details:
Joe De Waal
API Property Group
Southdowns Office Park
Block D, Suite 6 & 7
22 Karree Street
Irene
Centurion
0062