Properties on Auction on 27 June 2024 Live & Virtual Online Auction - Live Venue: The Bryanston Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston
Significant upside!
Actual Gross Annual Income: ± R16.55 million
Projected Gross Annual Income: ± R20 million
Prominent landmark situated on the corners of Steve Biko and Madiba Streets which comprises of:
- Operational Arcadia Hotel (139 keys) with longstanding diplomatic relationships: ± 5100m²
- Four conference facilities which can accommodate ± 250 delegates
- eMonate Restaurant, English pub, patio lounge and breakfast café
- Large triple-level retail component, ideal for national tenants: ± 10 804m²
- Fully-let residential building comprising 70 apartments: ± 3297m²
- Office tower suitable for upmarket residential conversion with additional bulk: ± 4631m²
- Two secure multi-level parking garages, totalling 431 parking bays
Prime location with excellent exposure
Close proximity to the Union Buildings and international embassies
Convenient distance to Tshwane House, Steve Biko Academic Hospital and University of Pretoria Campus
Easy reach to all major routes
Auction Details
Start Date:
27 June 2024
Start Time:
12:00
Venue:
Live & Virtual Online Auction - Live Venue: The Bryanston Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston