This prime commercial property is situated in the center of Pretoria and offers a unique opportunity for an investor. In the past this building was operating a 3-star hotel, but unfortunately the last 3 years it was not operational since lockdown.
On the ground floor there is shopfront units, as well as a conference center with separate street access, which can easily also be converted into shops. The conference facilities used to cater for up to 750 people with venues having flexible walls for varied sizes.
The building had a stunning restaurant and large kitchen. The building is also fitted with a lift.
The main portion is a round building with a hollow center offering the balcony a view to the center with a roof dome. All Floors have access to the lifts and staircase. The Rooms have their own bathrooms, and some also offer small kitchenets. The top floor offers 2 penthouses opening on their own private balconies. Some Rooms also still offer the original parkay flooring wooden blocks, and are still in mint condition, giving it some charm and warmth.
There is a swimming pool with outside terrace as well as a gym with 2 saunas. The building offers a unique view over the city of 360°. There are 2 access gates from 2 different roads, one for deliveries and others for clients leading to the 2 Floors of parking bays.
As the building was locked up the last few years with all furniture stored, some water damage did happen in some parts of the building. With a proper cleanup, this place can very soon beback into operations, as its SAD to see such a special building not being utilized. This building offers huge potential not only as a hotel, but also student accommodation, rehab/stepdown or just rental apartments.
There are currently rental contracts for cellphone towers/satellites on the roof, offering a steady income. A backup generator is also on site.
Contact me to make arrangement for viewing or discussing offers. Chris Dyzel 079 891 4309.