Web Ref No CL32730

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

Mixed use property for sale

Retail: 873 square meters with 103 square meters vacant
Offices:3,492 square meters with vacancy of 1,166 square meters
Undercover Parking Bays: 90 (1 bay per 45 square meters 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 the bustling 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. 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, which attracts a lot of foot traffic to the building.

This office building comprises out of 5 stories, offering a total of 84 offices, 3 boardrooms, entertainment areas, multiple reception and waiting areas, 5 kitchens and multiple ablutions. The 1st floor features small offices available to rent out to various tenants and industries. The 2nd floor features larger offices and are predominantly let to tenants who wish to be more private. The 3rd floor is rented by a Management Training College and features 3 up-market boardrooms, 2 kitchens and private ablutions. The 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 than move as rentals are well within market related rentals for the area. The building has been equipped with ready to go fibre connections for quick and convenient internet connectivity.

Marumati Complex has been secured with twenty-four-hour security provided by Bidvest Secure, CCTV surveillance throughout the property and biometric access throughout the entire property. Bidvest also ensures cleaning and sanitation of the premises. The building offers easy elevator access, making it wheelchair-friendly. Marumati Complex has up to 90 undercover parking bays easily accessible via the 3 entrances which also allows for easy truck access. 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.

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

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